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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Justice, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Justice, IL Housing Market Trends

With 12,199 people, 4,511 houses or apartments, and a median cost of homes of $271,356, Justice real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Justice, accounting for 41.57% of the village's housing units. Other types of housing that are prevalent in Justice include single-family detached homes ( 36.35%), row houses and other attached homes ( 11.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.58%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

People in Justice primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Justice has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Justice built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Justice built between 1940-1969 ( 30.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.00%). There's also some housing in Justice built before 1939 ( 1.01%).

Justice Home Appreciation Rates

Real estate appreciation rates in Justice's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.24% during the period.

NeighborhoodScout's data show that during the latest twelve months, Justice's appreciation rate, at 5.76%, has been at or slightly above the national average. In the latest quarter, Justice's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.

Relative to Illinois, our data show that Justice's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$271,356

Justice, IL Home Prices
> $1,314,000
$985,001 - $1,314,000
$657,001 - $985,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$66,001 - $131,000
$0 - $66,000
0.2%
0.2%
0.2%
0.2%
1.0%
1.0%
2.7%
2.7%
16.4%
16.4%
46.1%
46.1%
19.5%
19.5%
3.9%
3.9%
10.0%
10.0%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

4,511

Justice Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,938 / per month

Homeownership Rate

Owners
Renters
52.8%
52.8%
47.2%
47.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.5%
8.5%
91.5%
91.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.0%
18.0%
51.0%
51.0%
30.0%
30.0%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
36.4%
36.4%
11.5%
11.5%
7.6%
7.6%
41.6%
41.6%
3.0%
3.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
10.9%
10.9%
46.9%
46.9%
34.3%
34.3%
6.9%
6.9%
1.0%
1.0%
0% 100.0%
% of Homes