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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Alsip, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Alsip, IL Housing Market Trends

With a population of 18,357, 7,683 total housing units (homes and apartments), and a median house value of $248,488, Alsip real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Alsip, accounting for 53.87% of the village's housing units. Other types of housing that are prevalent in Alsip include large apartment complexes or high rise apartments ( 31.44%), duplexes, homes converted to apartments or other small apartment buildings ( 9.60%), and a few row houses and other attached homes ( 4.98%).

The most prevalent building size and type in Alsip are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.19% owning and 36.81% renting.

There is a lot of housing in Alsip built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Alsip built between 1940-1969 ( 38.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.38%). There's also some housing in Alsip built before 1939 ( 2.13%).

Alsip Home Appreciation Rates

Real estate appreciation rates in Alsip's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.84% during the period.

Over the last year, Alsip appreciation rates have trailed the rest of the nation. In the last twelve months, Alsip's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alsip were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Alsip's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$248,488

Alsip, IL Home Prices
> $1,227,000
$921,001 - $1,227,000
$614,001 - $921,000
$491,001 - $614,000
$368,001 - $491,000
$245,001 - $368,000
$123,001 - $245,000
$61,001 - $123,000
$0 - $61,000
0.0%
0.0%
0.1%
0.1%
0.8%
0.8%
0.9%
0.9%
9.1%
9.1%
37.1%
37.1%
33.8%
33.8%
9.3%
9.3%
9.0%
9.0%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

7,683

Alsip Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,763 / per month

Homeownership Rate

Owners
Renters
63.2%
63.2%
36.8%
36.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.3%
3.3%
96.7%
96.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.4%
5.4%
54.0%
54.0%
38.5%
38.5%
2.1%
2.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.9%
53.9%
5.0%
5.0%
9.6%
9.6%
31.4%
31.4%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
10.1%
10.1%
34.5%
34.5%
42.3%
42.3%
9.3%
9.3%
2.9%
2.9%
0% 100.0%
% of Homes