The story of this market
The typical home in Will County, Illinois sells for about $375,000, or $204 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 50 days to sell. Over the long run, values in this county have grown 92% since 2000. Last year 123 of 161 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is cold wave, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $2,011 a month.
HUD sets the fair market rent for a 2-bedroom at $2,011 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+2.6%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+12.8%). Worst: 2009 (-9.1%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5.4%
IL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,586
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.6%
2025 change
FHFA repeat-sales index, median of 161 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
53
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $348,107,499.
Mortgage activity
Home lending in this county
80.4%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 36353 | 18218 | 76.1% | 4% | $220,000 |
| 2019 | 43497▲ | 23117▲ | 80.4%▲ | 3.8% | $225,000▲ |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Will County, Illinois
The Will County housing market is currently balanced, with inventory levels and sales activity reflecting a stable environment for both buyers and sellers. Prices have seen modest year-over-year growth, supported by the county's strong income profile and ongoing demand for suburban housing. While inventory remains relatively tight, the market is not experiencing the extreme pressure seen in previous years.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 28 cities · 37 ZIP reports
Median prices moved up 3.9% year over year.
Homes spend a median of 47 days on market with 0.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 6.1% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 6.2% — a stable, low-distress profile.
Deterministic aggregate of 32 researched ZIP reports of 37 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Will County, Illinois — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 30
researched Sep 30
researched Sep 30
researched Oct 1
researched Sep 18
researched Sep 19
researched Sep 20
researched Sep 30
researched Sep 30
researched Sep 30
| 60401 | Beecher | $345,000 | $173 | — | 43 | — | — | — | 31 | $1,095 | researched Sep 30 |
| 60403 | Crest Hill | $301,000 | $141 | +9% | 34 | 98.5% | 12% | 2.1 | 48 | $1,481 | researched Sep 30 |
| 60404 | Shorewood | $319,800 | $209 | +3.9% | 89 | — | — | — | 89 | $1,779 | researched Sep 30 |
| 60408 | Braidwood | $295,000 | $185 | — | 276 | 98% | — | 2.8 | 17 | $1,051 | researched Oct 1 |
| 60410 | Channahon | $368,188 | $170 | +9.9% | 74 | — | — | — | 56 | $1,645 | researched Sep 18 |
| 60417 | Crete | $265,000 | $169 | -11.7% | 86 | 100% | — | — | 51 | $1,391 | researched Sep 19 |
| 60421 | Elwood | $639,950 | $215 | -11.2% | 29 | 99% | 18.5% | 3.2 | 138 | $1,188 | researched Sep 20 |
| 60423 | Frankfort | $505,000 | $209 | +4.7% | 35 | 98.5% | 16% | 4.2 | 35 | $1,492 | researched Sep 30 |
| 60431 | Joliet | $345,000 | $165 | +33.9% | 45 | 100% | 15% | 4.2 | 85 | $1,410 | researched Sep 30 |
| 60432 | Joliet | $277,500 | $174 | — | 19 | — | — | — | 36 | $1,253 | researched Sep 30 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Will County maintains a generally favorable safety profile compared to the broader Chicago metropolitan area, with crime rates trending stable in recent reporting periods.
The county is served by numerous highly-rated school districts, with many suburban communities consistently recognized for academic performance and robust extracurricular programming.
The region faces standard Midwestern climate risks, primarily related to severe thunderstorms and occasional flooding in low-lying areas, with property insurance markets remaining stable but sensitive to national reinsurance trends.
Will County serves as a major logistics and distribution hub for the Midwest, benefiting from significant infrastructure investments and proximity to major interstate corridors and intermodal facilities.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The county's economy is anchored by the logistics, distribution, and manufacturing sectors, bolstered by its strategic location within the Chicago metropolitan area's transportation network.
The county is served by major interstate highways including I-80, I-55, and I-57, and benefits from extensive Metra commuter rail access connecting to downtown Chicago.
The Will County Supervisor of Assessments oversees the assessment process, ensuring property valuations are conducted in accordance with Illinois state law and local equalization factors.
The county features a complex network of special districts, including numerous school districts, fire protection districts, and library districts that provide localized services.
Property insurance premiums in the county are influenced by regional weather patterns and the high cost of construction in the Illinois market.
- Raging Waves4.222.7 mi
- Bengtson's Pumpkin Farm and Fall Fest4.510.7 mi
- Slick City Action Park4.724.6 mi
- Activate Games4.925 mi
- Dave & Buster's Orland Park414.6 mi
- Brookfield Zoo Chicago4.626.2 mi
- Credit Union 1 Amphitheatre4.216.5 mi
- SeatGeek Stadium4.423.2 mi
- Bengtson's Pumpkin Farm and Fall Fest4.510.7 mi
- Topgolf Naperville4.421.8 mi
- Waterfall Glen Forest Preserve4.716.3 mi
- Cinemark Seven Bridges and IMAX4.418.1 mi
- Hindu Temple of Greater Chicago4.813.4 mi
- AMC Naperville 16415.6 mi
- DuPage Children's Museum4.419.1 mi
- Cantigny Park4.824.3 mi
- DuPage Children's Museum4.419.1 mi
- Blackberry Farm4.723.7 mi
- Old Joliet Prison4.62.9 mi
- Two Brothers Roundhouse4.420.9 mi
- Waterfall Glen Forest Preserve4.716.3 mi
- Swallow Cliff Stairs4.816.9 mi
- Lake Katherine Nature Center4.819.1 mi
- Wolf's Crossing Community Park4.815.6 mi
- Burr Ridge Community Center @ Harvester Park4.819.4 mi
- Big Basin Marina4.37.8 mi
- Bolingbrook Golf Club4.511.5 mi
- Silver Lake Country Club4.515.8 mi
- Mistwood Golf Club4.86.8 mi
- Ruffled Feathers Golf Club4.112.6 mi
- Seven Bridges Golf Club4.518.4 mi
- Fox Valley Mall4.318.6 mi
- Orland Square4.314.8 mi
- Naperville Fresh Market4.517.3 mi
- International Fresh Market4.218.2 mi
- Louis Joliet Mall46.2 mi
- Chicago Midway International Airport426.1 mi
- Illinois Aviation Museum4.813.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Manages thousands of acres of trails, preserves, and natural areas that provide extensive outdoor recreation opportunities for residents.
A major regional entertainment anchor that has historically hosted high-profile racing events and large-scale public gatherings.
A premier drag racing facility that serves as a significant regional attraction for motorsports enthusiasts.
Data retrieved from US Census Bureau and USZipStat profiles.
Sellers must provide a written disclosure report to prospective buyers detailing material defects in the property as defined by 765 ILCS 77/35.
765 ILCS 77/1 et seq.
Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts. Exemptions, such as the homestead exemption, reduce the EAV before the tax rate is applied.
35 ILCS 200/9-145
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.