The story of this market
The typical home in ZIP 60491 sells for about $480,000, or $185 per square foot.
Prices are down 9% from a year ago, which gives buyers more room to negotiate. Homes take about 63 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,823 a month.
ZIP 60491 — Homer Glen
The 60491 housing market is currently experiencing a cooling phase with a year-over-year price decline, yet remains somewhat competitive due to low inventory. High household incomes and strong school ratings continue to drive demand for single-family homes in the area. Market activity is stable, reflecting broader suburban trends in the Chicago metropolitan region.
This ZIP is ideal for families seeking spacious single-family homes, high-quality schools, and a quiet suburban lifestyle, as well as commuters who value access to major highway corridors.
Median prices moved down 9.0% year over year.
Homes spend a median of 63 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 4.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 60491, Will County IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Homer Glen is generally considered a safe, low-crime community with reported crime rates significantly lower than the regional average for the Chicago metropolitan area.
The area is served by highly-rated public school districts, including Homer Community Consolidated School District 33C and Lockport Township High School District 205, which are recognized for strong academic performance.
The area faces moderate risk from severe thunderstorms and occasional high winds, with standard flood insurance requirements for properties located in designated floodplains near local creeks.
Economic momentum is driven by its proximity to major employment hubs in the southwest suburbs of Chicago, with ongoing residential development and infrastructure improvements along the I-355 corridor.
Property taxes in this jurisdiction are determined by the Will County assessment process, which includes levies for local school districts, municipal services, and special taxing districts for fire protection and library services.
Residents primarily commute by car, with convenient access to I-355 and I-80 providing routes to downtown Chicago and major suburban employment centers; public transit options are limited.
The area features extensive outdoor amenities including the Homer Glen Village Hall park system, numerous forest preserves, and local golf courses, alongside convenient retail shopping centers.
The rental market is characterized by low vacancy rates and steady demand, with a limited supply of multi-family units and a significant presence of single-family home rentals.
The local economy is supported by a mix of professional services, retail, and healthcare, with many residents commuting to larger employment centers in Will and Cook Counties.
The area is served by a network of arterial roads connecting to I-355 and I-80, with limited public transit infrastructure relying primarily on regional bus and commuter rail connections in neighboring towns.
Development is focused on managed residential growth and the expansion of commercial corridors along 159th Street.
Parcels are subject to various special districts including fire protection, library, and park districts that provide localized services.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk, which are standard for the Chicago suburban market.
Data retrieved from data.census.gov ZCTA 60491 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features walking trails and community event spaces.
Large forest preserve with hiking and wildlife viewing.
Public golf course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.