Lockport, IL 60441 - Real Estate Investment Insights & Performance Data

Welcome to our 60441 real estate data hub, tailored for investors in Lockport, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 60441 in Lockport, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WILL COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Lockport, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Lockport property market.

• Location Overview

  • Zip Code: 60441
  • City: Lockport
  • State: IL
  • Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
  • County Name: WILL COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $287,795
  • Average Home Price (Single Family Homes): $289,918
  • Average Monthly Rental Price (All Types): $2,029
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: -1.2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,540
  • Average 3 Bedroom Section 8 Rental Rates: $1,950
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 15.57
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 12.3
  • Number of Units Offered in Section 8 in the County: 1412
  • Number of Occupied Units in Section 8 in the County: 1281
  • Percentage of Section 8 Units Occupied in the County: 90.80000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 145.22
  • Total % Appreciation since 2000 (Government Data): 72.82
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.09%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.22%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.13%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 33.94%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 63.24%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.72%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.79%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.28%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.28%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%