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Grant Park, IL—60940

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$301,000
9.4% YoY Growth
Household Income
$97,800
40.7% YoY Growth
Days on Market
67
28.0% Shorter YoY
Home Price Forecast
2.7%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Grant Park, IL

As of May '26, the median home price in Grant Park, IL is $301,000, with a year-over-year change of 9.4%. This indicates that home prices in Grant Park, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$301,0009.4%
Single Family $302,0009.4%
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
    		N/AN/A
    3 Bed
    		$281,0004.1%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    1.1%
    2 Bedrooms
    21.1%
    3 Bedrooms
    45.6%
    4 Bedrooms
    21.8%
    5+ Bedrooms
    7.9%

    Rental Trends — Grant Park, IL

    Grant Park, IL lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    13.9%
    1 Bedroom
    5.0%
    2 Bedrooms
    48.8%
    3 Bedrooms
    18.4%
    4 Bedrooms
    13.9%

    Property Listings — Grant Park, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Grant Park, IL is 67. This is a decrease of -28.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$442,00012.0%
    Listing Count
    		1043.0%
    Listings as % of Homes0.3%43.0%
    Days on Market
    		67-28.0%
    Loading chart...

    Demographics — Grant Park, IL

    As of the latest ACS Survey released in 2023, Grant Park, IL has a population of 3,510, which has increased by 2.2% over the past 5 years. Grant Park, IL is a popular place for families, as children make up 35.4% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,5102.2%
    % Under 18
    		35.4%73.5%
    % Seniors
    		16.3%2.5%
    % WFH
    		8.8%66.0%
    % w/ College Degree
    		18.8%30.6%
    Loading chart...

    As of the latest ACS Survey released in 2023, Grant Park, IL is a predominantly white area, with 90.1% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Grant Park, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.6% of the population in Grant Park, IL, and this percentage has decreased by 82.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.1%1.7%
    % Black
    		0.1%∞%
    % Hispanic
    		3.6%-64.4%
    % Asian
    		0.0%N/A
    % Foreign Born
    		0.6%-82.4%
    Loading chart...

    Mortgage and Risk — Grant Park, IL

    According to HUD data as of 2023, there were 36 mortgage originations in Grant Park, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Grant Park, IL. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		36
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
    Loading chart...
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    Rentals and Section 8 — Grant Park, IL

    Grant Park, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,010
    2 BedroomN/AN/A$1,320
    3 BedroomN/AN/A$1,750
    4 BedroomN/AN/A$1,750

    Affordability — Grant Park, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$301,000
    Median Household Income$97,800

    Grant Park, IL — ZIP Code Boundary Map

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    Frequently Asked Questions