The median home in Calumet City, Illinois is valued at $147,885, down 3.1% year over year. Typical monthly rent is $1,711, producing a price-to-rent ratio of 7.2x — below the national average of 18x. Calumet City 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$147,885

-3.1%

Rent$1,711/mo

AFFORDABILITY

Enter your income for Calumet City.

Income (annual)

Down Payment

$29,577 on $147,885

Affordable — 18.8% of income

Under the 28% guideline.

PITI$1,173

P/I18.8%

Afford$221K

Room+$73K

P&I $748Tax $275Ins $150

Buying $538/mo cheaper ($1,711 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 Calumet City 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 →

CALUMET CITY, IL