Commercial Real Estate Market in Hometown, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
128 active listings and 4,055 off-market properties in Hometown, IL. Commercial property asks $109/SF to buy and $24.06/SF/Yr to lease.
Market Trends
Hometown, IL spans 0.5 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hometown, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hometown, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hometown, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hometown, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 94.7%
- Commercial 5.3%
Largest Zones share of zoned land by district
Single Family Dwelling
Multiple Family Dwelling
Commercial
Two Family Duplex Dwelling
Hometown, IL zones 300 acres across 4 districts. Commercial zoning covers 5.3% of zoned land, residential 94.7%. The largest single district is Single Family Dwelling at 80.6%. For commercial buyers the practical constraint is that only 5.3% of land carries a commercial or industrial designation.
Multiple Family Dwelling (C)
District Regulations § 22.25 Scope. § 22.26 Permitted uses. § 22.26.1 Special uses. § 22.27 Parking regulations. § 22.28 Height regulations. § 22.29 Yard areas. § 22.30 Lot area. § 22.31 Maximum lot coverage. Article 11 C Multiple-Family Dwelling District Regulations § 22.32 Scope. § 22.33 Permitted uses. § 22.33.1 Special uses. § 22.34 Parking regulations.…
Market overview
Demographics & Economy
Hometown, IL has 4,343 residents in 1,916 households. Density runs 9,069 people per square mile. Median household income here is $59,265 and median gross rent $812 a month.
4,343
Population
1,916
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
9,069
Density / Sq Mi
$59,265
Median Household Income
$42,091
Median Earnings
$812
Median Rent
$152,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Lawn | — | $24.06 |
| Chicago Ridge | — | — |
| Worth | — | — |
Commercial property in Hometown, IL asks $109/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hometown?
Commercial property in Hometown, IL asks an average of $109 per square foot.
How much does it cost to lease commercial space in Hometown?
Asking lease rates in Hometown, IL average $24.06 per square foot per year.
What zoning applies to commercial property in Hometown?
Hometown, IL zones 300 acres across 4 districts, of which 5.3% is commercial and 0% industrial. The largest single district is Single Family Dwelling at 80.6% of zoned land. Residential zoning covers 94.7% and open space 0%.
Where does Realmo's Hometown market data come from?
Realmo compiles Hometown, IL figures from 8 recent recorded sales, 71 active sale listings, 57 active lease listings, 4,055 tracked off-market properties, the current Hometown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 57 active for-lease listings in Hometown, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 300 zoned acres across 4 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
