Lincolnwood, IL—60712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincolnwood, IL
As of Oct '25, the median home price in Lincolnwood, IL is $532,000, with a year-over-year change of 4.9%. This indicates that home prices in Lincolnwood, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $532,000 | 4.9% |
| Single Family | $555,000 | 4.9% |
| Condos | $347,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $349,000 | 2.9% |
3 Bed | $471,000 | 4.9% |
4 Bed | $603,000 | 5.4% |
| 5 Bed | $883,000 | 4.7% |
% of Housing Stock
Rental Trends — Lincolnwood, IL
As of July '25, Rentcast reports the average rent in Lincolnwood, IL is $4,080, with a year-over-year rent change of 14.6%. Per bedroom, the median rent as of July '25 in Lincolnwood, IL is 1-bedrooms: $2,050, 2-bedrooms: $3,600, 3-bedrooms: $3,290, 4-bedrooms: $4,920. The most common rental property sizes in Lincolnwood, IL are 2-bedroom and 3-bedroom, accounting for 31.5% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $4,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,050 | $2,050 |
| 2 Bed Rent | $3,200 | $3,600 |
| 3 Bed Rent | $3,000 | $3,290 |
| 4 Bed Rent | $5,800 | $4,920 |
% of Rental Stock
Property Listings — Lincolnwood, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincolnwood, IL is 33. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $634,000 | 16.0% |
Listing Count | 40 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 33 | -10.0% |
Demographics — Lincolnwood, IL
As of the latest ACS Survey released in 2023, Lincolnwood, IL has a population of 13,200, which has increased by 5.1% over the past 5 years. Lincolnwood, IL is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | 5.1% |
% Under 18 | 24.8% | 17.0% |
% Seniors | 27.4% | 11.8% |
% WFH | 21.3% | 204.3% |
% w/ College Degree | 56.8% | 3.3% |
As of the latest ACS Survey released in 2023, Lincolnwood, IL is a predominantly white area, with 60.5% of the population identifying as white. The white population has grown by 11.4% in the last 5 years. The second most common race or ethnicity in Lincolnwood, IL is asian, making up 26.4% of the population. Foreign-born residents account for 34.7% of the population in Lincolnwood, IL, and this percentage has decreased by 3.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.5% | 11.4% |
% Black | 2.9% | 11.5% |
% Hispanic | 7.5% | -2.6% |
% Asian | 26.4% | -14.6% |
% Foreign Born | 34.7% | -3.6% |
Mortgage and Risk — Lincolnwood, IL
According to HUD data as of 2023, there were 157 mortgage originations in Lincolnwood, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lincolnwood, IL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lincolnwood, IL
As of 2024, the percent of homes in Lincolnwood, IL under the Section 8 program is 1.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lincolnwood, IL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $2,050 | $2,340 |
| 2 Bedroom | -$560 | $3,200 | $2,640 |
| 3 Bedroom | $390 | $3,000 | $3,390 |
| 4 Bedroom | -$1,820 | $5,800 | $3,980 |
Affordability — Lincolnwood, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $532,000 |
| Median Household Income | $108,000 |