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Alsip

Learn about the people, housing, costs and businesses in Alsip, Illinois

Median Home$228,360
Median Rent$1,242/month
Population18,884
Leading IndustriesFinance & Insurance · Information & Media · Education9% finance & insurance
Home Value Growth+10.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners68% of occupied units
NotableAmenity Score71/100 · highly walkable area
Alsip
IL

Frequently Asked Questions

What are today's mortgage rates in Alsip?

As of today, the 30-year fixed mortgage rate for Alsip is approximately 7.084% (7.095% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alsip?

The median home value in Alsip is $228k. The median monthly rent is $1,242. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alsip?

Home values in Alsip have increased 10.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alsip?

Based on a typical all-in ownership cost of $1,304/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alsip is $73k/year.

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What industries drive the economy in Alsip?

The largest employment sectors in Alsip are public administration (22%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.