What to know before you move: cost, market timing, who it fits.
If you're considering a move to Calumet Park, IL, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Calumet Park is a city in Cook County, Illinois, with an estimated population of 6,777. It anchors the Chicago-Naperville-Elgin metro area. The population has contracted 0.9% per year on average since 2020. The median home value in Calumet Park is $164,044 as of 2026-04, up 1.7% over the last 12 months. Over the last five years, home values have averaged +3.5% annual growth, with prices at or near the 5-year peak. The composite momentum score is 62 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-1.1% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Held the highs: currently -1.1% from the 5-year peak — this market refused to give back gains.
- Cheap entry point: $164,044 median home is well below the US median of $355k — room to grow without overpaying.
Things to know first
- Flat or shrinking population: -0.9% per year. Housing demand has to come from somewhere — verify the source.
- Thin housing market: small population means fewer transactions and slower resale. Liquidity risk on exit.
More about Calumet Park
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.