South Holland, Illinois Housing Market Prices
South Holland 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.
-
Median home price 35% below the Illinois median$97,060
-
Median rent 23% above the Illinois median$1,568
Housing Market Overview
| Metric | South Holland | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,060 | $149,936 | $248,835 |
| Price Trend (Annual %) | 4.5% | 2.5% | 7.5% |
| Median Gross Rent | $1,568 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Holland is about 35% lower than in Illinois. Rent is about 23% 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 South Holland, up about 4.5% and 4.2% a year respectively. Home prices are changing faster.
Median rent in South Holland rose about 43.2% between 2015 and 2024, from $1,095 to $1,568. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in South Holland.
Buying the median-priced home in South Holland costs roughly 5.2 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 South Holland. The price-to-rent ratio in Illinois is about 9.8.
| Metric | South Holland | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,060 | $149,936 | $248,835 |
| Median Household Income | $80,765 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in South Holland rose about 2.7%, while median household income rose about 30.9% 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 | South Holland | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.1% | 61.9% | 58.5% |
| Rental Rate | 17.1% | 30.4% | 31.2% |
| Vacancy Rate | 5.8% | 7.7% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
South Holland has a homeownership rate of 77.1%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 5.8%, compared with 7.7% in Illinois.
Housing Stock
| Metric | South Holland | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1966 | 1969 | 1978 |
| Median Number of Rooms | 6.5 | 5.6 | 5.5 |
The typical housing unit in South Holland was built around 1966. On average, 2.7 people live in a home with about 6.5 rooms, staying for about 18.0 years on average.
South Holland, IL Housing Compared With Nearby Cities
How South Holland, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| South Holland, IL | 22,419 | $97,060 #2/2 | $1,568 #1/2 | 81.8% #1/2 |
| Dolton, IL | 20,134 | $106,779 | $1,366 | 69.6% |
Frequently Asked Questions
Common questions about the housing market in South Holland, Illinois.
What is the median home price in South Holland, Illinois?
The median home price in South Holland, Illinois is $97,060, lower than the Illinois average of $149,936.
What is the average home price in South Holland, Illinois?
The typical home price in South Holland, Illinois, reported as the median sale price, is $97,060. 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 South Holland, Illinois?
The median gross rent in South Holland, Illinois is $1,568 per month, higher than the Illinois average of $1,274.
What was the median gross rent in South Holland in 2020?
In 2020, the median gross rent in South Holland, Illinois was $1,296 per month.
What is the price-to-rent ratio in South Holland, Illinois?
The price-to-rent ratio in South Holland, Illinois is about 5.2, meaning it would take roughly 5.2 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 South Holland.
Are home prices or rent rising faster in South Holland, Illinois?
Both home prices and rent are rising in South Holland, up about 4.5% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in South Holland, Illinois?
77.1% of households in South Holland, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in South Holland, Illinois?
The housing vacancy rate in South Holland, Illinois is 5.8%, lower than the Illinois average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →