Photo: jdkscoop · CC BY-SA 3.0Homes in Hodgkins cost about a year of local pay, but renters are stretched more than prices suggest
More affordable than 58% of U.S. towns. Home prices around Hodgkins have risen about 41% over the past 5 years. No new homes were permitted in 2025.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Chicago-Naperville-Elgin, IL-IN metro area ($91K). How TownRatings grades cost of living
In dollars, homes in Hodgkins cost less than the Illinois typical home. But the grade compares costs with what households in the area earn, and Chicago-area incomes are lower too ($91K, against $74K for the typical U.S. town). Property tax takes 14.71% of a home’s value a year (Illinois: 2.01%), and 78% of renters pay 30% or more of income for housing.
In dollars
- $1,770a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 104prices across the Chicago metro, where the U.S. is 100 (housing 112)BEA Regional Price Parities, 2024
In paychecks the grade
- 0.5 yrsof area income buys the typical home; the typical U.S. town: 3.3$91K, Chicago-area income
- 14%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 29%of owners do; the typical U.S. town: 20%Census 2020–24
What Hodgkins’ housing numbers say
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Hodgkins home runs about $470 a month with tax and insurance. A two-bedroom rents for about $1,770. Can I afford it? ↓
A high property tax rate
Owners pay about 4.00% of a home’s value a year in property tax, against 2.01% across Illinois. The median bill is $6,738 (Illinois: $5,298). On the typical home, that’s about $180 a month. Property taxes ↓
Fewer people, more homes
Between the 2010 and 2020 censuses, Hodgkins lost 397 residents while 40 new homes were permitted. New homes ↓
Written from the data on this page. There’s no Zillow index for Hodgkins, so the typical value is an estimate: the Census median carried forward with the federal house price index; permits are Census figures through 2025; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Hodgkins’ grade
Measured against what households in the area earn, Hodgkins is more affordable than 58% of U.S. towns. Property tax pulls the grade down most; home prices hold it up.
Home prices up 41% in 5 years
The federal house price index for the ZIP codes around Hodgkins rose 41% over the past 5 years, slower than across Illinois (47%). Last year prices rose 6.6%. Carrying the Census median home value forward with that index puts the typical Hodgkins home at roughly $54,000 today.
Carrying the Census median forward with the index puts a typical home at about $54K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hodgkins, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs about a year of area income
The calculator starts from the area income the grade uses. Switch to Hodgkins’s own median, or type yours.
That covers a typical Hodgkins home, with $193K to spare.
A two-bedroom rents for about $1,770 a month here, $1,300 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hodgkins’s typical property tax (4.00% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,770
Renters already here pay a median of $1,050, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chicago-Joliet-Naperville, IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
No new homes permitted in 2025
No permits for new homes were issued in Hodgkins in 2025. The last year with any was 2019 (3 new homes).
Between the 2010 and 2020 censuses, Hodgkins's population fell by 397 even though 40 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 3 | 3 | 0 | $610,000 |
| 2018 | 36 | 36 | 0 | $1.8 million |
| 2017 | 1 | 1 | 0 | $259,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $165,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 4 | 4 | 0 | $648,000 |
| 2005 | 1 | 1 | 0 | $145,000 |
| 2004 | 2 | 2 | 0 | $235,000 |
| 2003 | 4 | 4 | 0 | $474,000 |
| 2002 | 2 | 2 | 0 | $230,000 |
| 2001 | 1 | 1 | 0 | $95,000 |
| 2000 | 1 | 1 | 0 | $98,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs above the Illinois norm
The median bill is $6,738 (Illinois: $5,298), 14.71% of a home’s value a year, against 2.01% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Hodgkins
Only figures published free for the whole country, each labeled with the area it covers: the Chicago-Naperville-Elgin, IL-IN metro area, or Illinois. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 104 | IL 100 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 107 | IL 104 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 84 | IL 85 | metro | BEA, 2024 |
| Other services U.S. = 100 | 100 | IL 100 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Hodgkins vs. its neighbors
Zillow publishes no value for Hodgkins.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Hodgkins | B | — | $46K | 14.71% | $1,770 |
| Countryside | C | $382K | $325K | 2.12% | $1,770 |
| Willow Springs | D | $403K | $378K | 2.05% | $1,740 |
| Bedford Park | – | $291K | $272K | 2.35% | $1,500 |
| McCook | – | — | $332K | 3.01%+ | $1,740 |
| Justice | C | $300K | $238K | 2.35% | $1,550 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents). “+”: the Census reports the tax bill only as $10,000 or more, so the rate is at least that.
Questions about the cost of living in Hodgkins
Is Hodgkins expensive to live in?
Measured against what households in the area earn, Hodgkins costs less than 58% of U.S. towns: a B for cost of living. The typical home costs 0.5 years of the median household income of the Chicago-Naperville-Elgin, IL-IN metro area ($91K).
How much is rent in Hodgkins?
HUD puts a two-bedroom at about $1,770 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,050 (Census 2020–24).
What are property taxes in Hodgkins?
The median bill is $6,738 a year, 14.71% of the median home value (Illinois: $5,298, 2.01%), from the Census 2020–24.
Neighbors talk housing
What Hodgkins buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.