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  4. /Evergreen Park, IL - 60805

Evergreen Park, IL—60805

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$294,000
5.4% YoY Growth
Household Income
$95,700
32.9% YoY Growth
Days on Market
32
14.0% Shorter YoY
Home Price Forecast
2.3%
Median Rent
$1,350
23.3% YoY Growth
1-Bed Rent
$1,240
0.0% YoY Growth
2-Bed Rent
$1,550
13.9% YoY Growth
3-Bed Rent
$2,200
2.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Evergreen Park, IL

As of May '26, the median home price in Evergreen Park, IL is $294,000, with a year-over-year change of 5.4%. This indicates that home prices in Evergreen Park, IL are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$294,0005.4%
Single Family $296,0005.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$237,0007.2%
    3 Bed
    		$290,0005.5%
    4 Bed
    		$342,0005.2%
    5 Bed $398,9214.8%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    4.6%
    2 Bedrooms
    22.6%
    3 Bedrooms
    49.9%
    4 Bedrooms
    18.1%
    5+ Bedrooms
    4.4%

    Rental Trends — Evergreen Park, IL

    As of July '25, Rentcast reports the average rent in Evergreen Park, IL is $1,680, with a year-over-year rent change of -23.3%. Per bedroom, the median rent as of July '25 in Evergreen Park, IL is 1-bedrooms: $1,190, 2-bedrooms: $1,790, 3-bedrooms: $2,700, 4-bedrooms: $2,650. The most common rental property sizes in Evergreen Park, IL are 2-bedroom and 1-bedroom, accounting for 38.4% and 26.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,350$1,680
    Studio Rent N/AN/A
    1 Bed Rent $1,240$1,190
    2 Bed Rent $1,550$1,790
    3 Bed Rent $2,200$2,700
    4 Bed Rent $2,650$2,650
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    % of Rental Stock

    Studio
    2.4%
    1 Bedroom
    26.7%
    2 Bedrooms
    38.4%
    3 Bedrooms
    24.5%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    3.0%

    Property Listings — Evergreen Park, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Evergreen Park, IL is 32. This is a decrease of -14.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$349,0006.0%
    Listing Count
    		521.0%
    Listings as % of Homes0.7%1.0%
    Days on Market
    		32-14.0%
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    Demographics — Evergreen Park, IL

    As of the latest ACS Survey released in 2023, Evergreen Park, IL has a population of 19,500, which has remained stable by -0.9% over the past 5 years. Evergreen Park, IL is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,500-0.9%
    % Under 18
    		26.3%8.7%
    % Seniors
    		15.2%16.0%
    % WFH
    		14.3%320.6%
    % w/ College Degree
    		42.9%22.9%
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    As of the latest ACS Survey released in 2023, Evergreen Park, IL is a predominantly white area, with 53.2% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Evergreen Park, IL is black, making up 22.8% of the population. Foreign-born residents account for 10.2% of the population in Evergreen Park, IL, and this percentage has increased by 32.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		53.2%-11.2%
    % Black
    		22.8%-8.8%
    % Hispanic
    		18.5%43.4%
    % Asian
    		2.8%300.0%
    % Foreign Born
    		10.2%32.5%
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    Mortgage and Risk — Evergreen Park, IL

    According to HUD data as of 2023, there were 324 mortgage originations in Evergreen Park, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Evergreen Park, IL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		324
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Evergreen Park, IL

    As of 2024, the percent of homes in Evergreen Park, IL under the Section 8 program is 5.9%. 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 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Evergreen Park, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		85
    Total Units Section 8
    		85
    % Rentals under Section 8
    		5.9%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$190$1,240$1,430
    2 Bedroom$70$1,550$1,620
    3 Bedroom-$120$2,200$2,080
    4 Bedroom-$210$2,650$2,440

    Affordability — Evergreen Park, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$294,000
    Median Household Income$95,700

    Evergreen Park, IL — ZIP Code Boundary Map

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    Frequently Asked Questions