Cicero, Illinois Housing Market Prices
Cicero Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 111% above the Illinois median$316,248
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Median rent 9% below the Illinois median$1,154
Housing Market Overview
| Metric | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,248 | $149,936 | $248,835 |
| Price Trend (Annual %) | 22.3% | 2.5% | 7.5% |
| Median Gross Rent | $1,154 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cicero is about 111% higher than in Illinois. Rent is about 9% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cicero, up about 22.3% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Cicero rose about 34.7% between 2015 and 2024, from $856 to $1,154. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Cicero.
Buying the median-priced home in Cicero costs roughly 22.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cicero. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,248 | $149,936 | $248,835 |
| Median Household Income | $71,023 | $84,042 | $80,455 |
| Price-to-Income Ratio | 4.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cicero rose about 145.6%, while median household income rose about 49.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.9% | 61.9% | 58.5% |
| Rental Rate | 42.4% | 30.4% | 31.2% |
| Vacancy Rate | 6.8% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Cicero has a homeownership rate of 50.9%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 6.8%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.36 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1941 | 1969 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Cicero was built around 1941. On average, 3.4 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Cicero, IL Housing Compared With Nearby Cities
How Cicero, IL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cicero, IL | 82,796 | $316,248 #2/3 | $1,154 #3/3 | 54.6% #3/3 |
| Berwyn, IL | 55,595 | $413,871 | $1,214 | 61.1% |
| Oak Park, IL | 53,290 | $23,715 | $1,592 | 60.0% |
Frequently Asked Questions
Common questions about the housing market in Cicero, Illinois.
What is the median home price in Cicero, Illinois?
The median home price in Cicero, Illinois is $316,248, higher than the Illinois average of $149,936.
What is the average home price in Cicero, Illinois?
The typical home price in Cicero, Illinois, reported as the median sale price, is $316,248. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cicero, Illinois?
The median gross rent in Cicero, Illinois is $1,154 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Cicero in 2020?
In 2020, the median gross rent in Cicero, Illinois was $950 per month.
What is the price-to-rent ratio in Cicero, Illinois?
The price-to-rent ratio in Cicero, Illinois is about 22.8, meaning it would take roughly 22.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cicero.
Are home prices or rent rising faster in Cicero, Illinois?
Both home prices and rent are rising in Cicero, up about 22.3% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cicero, Illinois?
50.9% of households in Cicero, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in Cicero, Illinois?
The housing vacancy rate in Cicero, Illinois is 6.8%, lower than the Illinois average of 7.7%.
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