Alsip, IL—60803
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alsip, IL
As of Oct '25, the median home price in Alsip, IL is $254,000, with a year-over-year change of 2.4%. This indicates that home prices in Alsip, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 2.4% |
| Single Family | $273,000 | 3.4% |
| Condos | $141,000 | -6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 6.2% |
3 Bed | $273,000 | 3.8% |
4 Bed | $310,000 | 2.0% |
| 5 Bed | $333,000 | 1.2% |
% of Housing Stock
Rental Trends — Alsip, IL
As of July '25, Rentcast reports the average rent in Alsip, IL is $1,690, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Alsip, IL is 1-bedrooms: $1,320, 2-bedrooms: $1,570, 3-bedrooms: $2,480. The most common rental property sizes in Alsip, IL are 2-bedroom and 1-bedroom, accounting for 56.4% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,320 |
| 2 Bed Rent | $1,550 | $1,570 |
| 3 Bed Rent | $2,300 | $2,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Alsip, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Alsip, IL is 26. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 6.0% |
Listing Count | 64 | -3.0% |
| Listings as % of Homes | 0.5% | -3.0% |
Days on Market | 26 | 0.0% |
Demographics — Alsip, IL
As of the latest ACS Survey released in 2023, Alsip, IL has a population of 22,100, which has decreased by -1.3% over the past 5 years. Alsip, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | -1.3% |
% Under 18 | 24.2% | -1.2% |
% Seniors | 16.7% | 15.2% |
% WFH | 8.2% | 446.7% |
% w/ College Degree | 21.0% | 5.5% |
As of the latest ACS Survey released in 2023, Alsip, IL is a predominantly white area, with 46.8% of the population identifying as white. The white population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Alsip, IL is hispanic, making up 27.8% of the population. Foreign-born residents account for 10.4% of the population in Alsip, IL, and this percentage has increased by 6.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.8% | -15.2% |
% Black | 19.6% | -4.4% |
% Hispanic | 27.8% | 22.5% |
% Asian | 2.3% | 130.0% |
% Foreign Born | 10.4% | 6.1% |
Mortgage and Risk — Alsip, IL
According to HUD data as of 2023, there were 287 mortgage originations in Alsip, IL, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Alsip, IL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Alsip, IL
Alsip, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 113 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,350 | $1,230 |
| 2 Bedroom | -$160 | $1,550 | $1,390 |
| 3 Bedroom | -$510 | $2,300 | $1,790 |
| 4 Bedroom | N/A | N/A | $2,100 |
Affordability — Alsip, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $254,000 |
| Median Household Income | $66,600 |