Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Nominal median value of owner-occupied homes.
Home Prices
Sale prices and market activity.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (ILSTHPI).
| Indicator | Illinois | U.S. |
|---|---|---|
| Median sale price2024 | $285,000 | $407,000 |
Median Home Value
Median value of owner-occupied homes.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Illinois | U.S. |
|---|---|---|
| Median home value2024, Zillow/ACS | $267,000 | $362,000 |
Rent Prices
Median gross rent.
Rent of primary residence index (Chicago–Naperville–Elgin)
2006–2025BLS CPI-U, Chicago–Naperville–Elgin, annual average (CUURS23ASEHA).
| Indicator | Illinois | U.S. |
|---|---|---|
| Median monthly rent2023, ACS | $1,240 | $1,406 |
Housing Inventory
Total housing stock.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Illinois | U.S. |
|---|---|---|
| Homes built before 19802023, ACS | 63% | 47% |
Building Permits
New residential construction authorized.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED ILBPPRIV).
| Indicator | Illinois | U.S. |
|---|---|---|
| Permits per 1,000 residents2023, Census | 1.7 | 4.2 |
Homeownership Rate
Share of owner-occupied homes.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED ILHOWN).
| Indicator | Illinois | U.S. |
|---|---|---|
| Homeownership rate2023, Census | 66.7% | 65.9% |
Housing Affordability
Home values and rents relative to income.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Illinois | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 93.9 | 100 |
| Value-to-income ratio2023 | 3.1 | 4.3 |
Vacancy Rate
Share of vacant housing units.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED ILRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED ILHVAC).
| Indicator | Illinois | U.S. |
|---|---|---|
| Vacancy rate2023, ACS | 9.1% | 10.4% |