Dolton, Illinois Housing Market Prices
Dolton 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 29% below the Illinois median$106,779
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Median rent 7% above the Illinois median$1,366
Housing Market Overview
| Metric | Dolton | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $106,779 | $149,936 | $248,835 |
| Price Trend (Annual %) | 0.2% | 2.5% | 7.5% |
| Median Gross Rent | $1,366 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dolton is about 29% lower than in Illinois. Rent is about 7% higher 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 Dolton, up about 0.2% and 2.6% a year respectively. Rent is changing faster.
Median rent in Dolton rose about 22.2% between 2015 and 2024, from $1,118 to $1,366. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Dolton.
Buying the median-priced home in Dolton costs roughly 6.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Dolton. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Dolton | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $106,779 | $149,936 | $248,835 |
| Median Household Income | $55,942 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Dolton rose about 4.7%, while median household income rose about 1.0% 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 | Dolton | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 61.9% | 58.5% |
| Rental Rate | 27.0% | 30.4% | 31.2% |
| Vacancy Rate | 11.2% | 7.7% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Dolton has a homeownership rate of 61.8%, about the same as the Illinois average of 61.9%. Its housing vacancy rate is 11.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Dolton | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1965 | 1969 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Dolton was built around 1965. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Dolton, IL Housing Compared With Nearby Cities
How Dolton, IL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Dolton, IL | 20,134 | $106,779 #2/3 | $1,366 #2/3 | 69.6% #2/3 |
| South Holland, IL | 22,419 | $97,060 | $1,568 | 81.8% |
| Calumet City, IL | 34,245 | $113,588 | $1,190 | 57.1% |
Frequently Asked Questions
Common questions about the housing market in Dolton, Illinois.
What is the median home price in Dolton, Illinois?
The median home price in Dolton, Illinois is $106,779, lower than the Illinois average of $149,936.
What is the average home price in Dolton, Illinois?
The typical home price in Dolton, Illinois, reported as the median sale price, is $106,779. 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 Dolton, Illinois?
The median gross rent in Dolton, Illinois is $1,366 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Dolton in 2020?
In 2020, the median gross rent in Dolton, Illinois was $1,294 per month.
What is the price-to-rent ratio in Dolton, Illinois?
The price-to-rent ratio in Dolton, Illinois is about 6.5, meaning it would take roughly 6.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Dolton.
Are home prices or rent rising faster in Dolton, Illinois?
Both home prices and rent are rising in Dolton, up about 0.2% and 2.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Dolton, Illinois?
61.8% of households in Dolton, Illinois own their home, about the same as the Illinois average.
What is the vacancy rate in Dolton, Illinois?
The housing vacancy rate in Dolton, Illinois is 11.2%, higher than the Illinois average of 7.7%.
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