Lockport, Illinois Housing Market Prices
Lockport 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 50% above the Illinois median$224,680
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Median rent 14% above the Illinois median$1,452
Housing Market Overview
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,680 | $149,936 | $248,835 |
| Price Trend (Annual %) | 5.3% | 2.5% | 7.5% |
| Median Gross Rent | $1,452 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lockport is about 50% higher than in Illinois. Rent is about 14% 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 Lockport, up about 5.3% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Lockport rose about 37.5% between 2015 and 2024, from $1,056 to $1,452. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Lockport.
Buying the median-priced home in Lockport costs roughly 12.9 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 Lockport. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,680 | $149,936 | $248,835 |
| Median Household Income | $108,449 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lockport rose about 39.9%, while median household income rose about 45.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.3% | 61.9% | 58.5% |
| Rental Rate | 16.0% | 30.4% | 31.2% |
| Vacancy Rate | 3.6% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Lockport has a homeownership rate of 80.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.6%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1978 | 1969 | 1978 |
| Median Number of Rooms | 6.4 | 5.6 | 5.5 |
The typical housing unit in Lockport was built around 1978. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lockport, Illinois.
What is the median home price in Lockport, Illinois?
The median home price in Lockport, Illinois is $224,680, higher than the Illinois average of $149,936.
What is the average home price in Lockport, Illinois?
The typical home price in Lockport, Illinois, reported as the median sale price, is $224,680. 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 Lockport, Illinois?
The median gross rent in Lockport, Illinois is $1,452 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Lockport in 2020?
In 2020, the median gross rent in Lockport, Illinois was $1,243 per month.
What is the price-to-rent ratio in Lockport, Illinois?
The price-to-rent ratio in Lockport, Illinois is about 12.9, meaning it would take roughly 12.9 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 Lockport.
Are home prices or rent rising faster in Lockport, Illinois?
Both home prices and rent are rising in Lockport, up about 5.3% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lockport, Illinois?
80.3% of households in Lockport, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Lockport, Illinois?
The housing vacancy rate in Lockport, Illinois is 3.6%, lower than the Illinois average of 7.7%.
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