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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.



Hickory Hills, 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 Q2 2024. 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

Hickory Hills, IL Housing Market Trends

With a population of 14,007, 5,352 total housing units (homes and apartments), and a median house value of $370,995, Hickory Hills real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hickory Hills, accounting for 62.09% of the city's housing units. Other types of housing that are prevalent in Hickory Hills include large apartment complexes or high rise apartments ( 29.86%), row houses and other attached homes ( 4.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hickory Hills. Owner-occupied housing accounts for 72.19% of Hickory Hills's homes, and 62.22% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hickory Hills's housing was primarily built during this period, from the '40s through the '60s. A full 49.07% of the city's housing hails from this era. Other housing ages represented in Hickory Hills include homes built between 1970-1999 ( 41.31%) and housing constructed between 2000 and later ( 6.21%). There's also some housing in Hickory Hills built before 1939 ( 3.42%).

Hickory Hills Home Appreciation Rates

Hickory Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hickory Hills during the period has been just 5.58%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hickory Hills's appreciation rate, at 6.08%, has been at or slightly above the national average. In the latest quarter, Hickory Hills's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.

Relative to Illinois, our data show that Hickory Hills's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$370,995

Hickory Hills, IL Home Prices
> $1,304,000
$978,001 - $1,304,000
$652,001 - $978,000
$522,001 - $652,000
$391,001 - $522,000
$261,001 - $391,000
$130,001 - $261,000
$65,001 - $130,000
$0 - $65,000
0.3%
0.3%
0.0%
0.0%
3.1%
3.1%
8.3%
8.3%
21.7%
21.7%
42.4%
42.4%
12.4%
12.4%
2.7%
2.7%
9.1%
9.1%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

5,352

Hickory Hills Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,871 / per month

Homeownership Rate

Owners
Renters
72.2%
72.2%
27.8%
27.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.3%
4.3%
95.7%
95.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.2%
6.2%
41.3%
41.3%
49.1%
49.1%
3.4%
3.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.1%
62.1%
5.0%
5.0%
3.1%
3.1%
29.9%
29.9%
0.0%
0.0%
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
0.8%
0.8%
10.6%
10.6%
22.6%
22.6%
51.3%
51.3%
11.0%
11.0%
3.9%
3.9%
0% 100.0%
% of Homes