Justice, Illinois Real Estate & Housing Market

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Justice Housing Information

Index	Justice	Illinois	National
Median home price	$179,700	$174,800	$184,700
Median rent asked	$919	$925	$949
Avg. people per household	2.9	2.6	2.6
Owner occupied households	49.9%	66.0%	63.6%
Renter occupied households	50.1%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Justice, IL. Generally, real estate in the Justice, IL area is less affordable in Illinois, as the median price of a home in Justice, IL is $179,700, which is 3% higher than the Illinois average. The median rental price in Justice, IL is $919. This is 1% lower than the average rental price in Illinois. Home owners comprise 49.9% of the population of Justice, IL, where an average of 2.9 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Justice, IL. Below, you can search for real estate listings in Justice, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Justice Home Affordability

When searching for real estate in Justice, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Justice, IL, the median house price is $179,700, while the median income for households in the area is $50,088. Therefore, the ratio of house price to income is 3.6x; this ratio is 21% higher than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Justice, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Hodgkins, IL	1,960	$32,300	83%
Dixmoor, IL	3,614	$44,200	76%
Phoenix, IL	2,042	$71,600	61%
Robbins, IL	5,216	$72,500	61%
Harvey, IL	25,625	$72,700	61%
Justice, IL	12,957	$179,700	3%

Cities with similar population

City, State	Population	Home Price	National Avg.
Kettering, MD	12,960	$240,300	30%
El Sobrante CDP (Contra Costa County), CA	12,963	$350,400	90%
Rochester, MI	12,969	$308,700	67%
Ridgefield Park, NJ	12,976	$324,300	76%
Key Biscayne, FL	12,935	$1,034,800	460%
Justice, IL	12,957	$179,700	3%

Source: The Justice, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).