The median home in Alsip, Illinois is valued at $255,369, up 3.7% year over year. Typical monthly rent is $1,489, producing a price-to-rent ratio of 14.3x — below the national average of 18x. Alsip is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$255,369

+3.7%

Rent$1,489/mo

AFFORDABILITY

Enter your income for Alsip.

Income (annual)

Down Payment

$51,074 on $255,369

Stretch — 30.7% of income

Above 28% but manageable with cuts.

PITI$1,916

P/I30.7%

Afford$233K

Gap-$22K

P&I $1,291Tax $475Ins $150

Renting $427/mo cheaper ($1,489 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Alsip with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

ALSIP, IL