Homer Glen, Illinois Housing Market Prices
Homer Glen 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 368% above the Illinois median$701,122
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Median rent 50% above the Illinois median$1,906
Housing Market Overview
| Metric | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $701,122 | $149,936 | $248,835 |
| Price Trend (Annual %) | 20.1% | 2.5% | 7.5% |
| Median Gross Rent | $1,906 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 1.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Homer Glen is about 368% higher than in Illinois. Rent is about 50% 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 Homer Glen, up about 20.1% and 1.8% a year respectively. Home prices are changing faster.
Median rent in Homer Glen rose about 11.8% between 2015 and 2024, from $1,705 to $1,906. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Homer Glen.
Buying the median-priced home in Homer Glen costs roughly 30.7 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 Homer Glen. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $701,122 | $149,936 | $248,835 |
| Median Household Income | $133,470 | $84,042 | $80,455 |
| Price-to-Income Ratio | 5.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Homer Glen rose about 253.8%, while median household income rose about 35.2% 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 | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 91.3% | 61.9% | 58.5% |
| Rental Rate | 5.2% | 30.4% | 31.2% |
| Vacancy Rate | 3.5% | 7.7% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Homer Glen has a homeownership rate of 91.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.5%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1989 | 1969 | 1978 |
| Median Number of Rooms | 7.6 | 5.6 | 5.5 |
The typical housing unit in Homer Glen was built around 1989. On average, 3.0 people live in a home with about 7.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Homer Glen, Illinois.
What is the median home price in Homer Glen, Illinois?
The median home price in Homer Glen, Illinois is $701,122, higher than the Illinois average of $149,936.
What is the average home price in Homer Glen, Illinois?
The typical home price in Homer Glen, Illinois, reported as the median sale price, is $701,122. 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 Homer Glen, Illinois?
The median gross rent in Homer Glen, Illinois is $1,906 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Homer Glen in 2020?
In 2020, the median gross rent in Homer Glen, Illinois was $1,197 per month.
What is the price-to-rent ratio in Homer Glen, Illinois?
The price-to-rent ratio in Homer Glen, Illinois is about 30.7, meaning it would take roughly 30.7 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 Homer Glen.
Are home prices or rent rising faster in Homer Glen, Illinois?
Both home prices and rent are rising in Homer Glen, up about 20.1% and 1.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Homer Glen, Illinois?
91.3% of households in Homer Glen, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Homer Glen, Illinois?
The housing vacancy rate in Homer Glen, Illinois is 3.5%, lower than the Illinois average of 7.7%.
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