In Lockport, a typical home is worth $316,000 and typical rent is $1,525 a month. Home values, rent and income are very close to those of all of Will County.
Typical home value from Zillow, September 2021 to September 2026: from $294,211 to $374,237.
Typical rent
$2,213a month
▲ 1.8% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,588 to $2,213.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lockport is in Will County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Will County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Crest Hill, the typical home value is $232,900: 26% less than in Lockport ($316,000).
2
Nearby, in Lemont, the typical rent is $1,209: 21% less than in Lockport ($1,525).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lockport
What homes there are in Lockport, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lockport
Will County
Illinois
United States
Kind of home: Lockport and its comparisons
Measure
Lockport
Will County
Illinois
United States
Detached house
67%
74%
58%
61%
Attached house
19%
11%
6%
6%
Building of 2 to 4
7%
5%
12%
8%
Apartments (5 or more)
Unreliable estimate
8%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Lockport, 7 in 10 homes are single-family detached houses; in Will County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Lockport
Will County
Illinois
United States
Year built: Lockport and its comparisons
Measure
Lockport
Will County
Illinois
United States
Before 1960
21%
15%
38%
26%
1960–1979
11%
22%
26%
24%
1980–1999
22%
30%
20%
25%
2000–2009
37%
26%
11%
14%
2010 or later
9%
8%
6%
11%
The typical home in Lockport was built in 1998, 6 years after the typical one in Will County.
There are fewer big homes in Lockport than in Will County: 70% have 3 bedrooms or more, against 75%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K8%
$200K–$300K36%
$300K–$500K40%
$500K–$750K11%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lockport and its comparisons
Measure
Lockport
Under $100K
Unreliable estimate
$100K–$200K
8%
$200K–$300K
36%
$300K–$500K
40%
$500K–$750K
11%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49929%
$1,500–$1,999Unreliable
$2,000–$2,49923%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lockport and its comparisons
Measure
Lockport
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
29%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
23%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$2,230 a month
Will County: $2,255 a month
Without a mortgage
$1,053 a month
Will County: $971 a month
Owners with a mortgage
70%
Will County: 69%
The typical cost for an owner with a mortgage in Lockport is $2,230 a month, near the figure in Will County ($2,255).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lockport+30%
Will County+38%
Illinois+35%
United States+53%
Typical rent
Lockport+23%
Will County+24%
Illinois+26%
United States+33%
Typical household income
Lockport+24%
Will County+27%
Illinois+27%
United States+29%
Change since 2015–2019: Lockport and its comparisons
Measure
Lockport
Will County
Illinois
United States
Typical home value
+30%
+38%
+35%
+53%
Typical rent
+23%
+24%
+26%
+33%
Typical household income
+24%
+27%
+27%
+29%
The typical home value in Lockport rose 30% since 2015–2019, less than in Will County (38%).
Rents in Lockport rose at about the same pace as in Will County: 23% since 2015–2019, against 24%.
The typical household income in Lockport rose 24% over that time; home values changed +30% and rent +23%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lockport and its comparisons
Measure
Lockport
Will County
Illinois
United States
Rental vacancy
Unreliable estimate
3.7%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
0.5%
1.0%
0.9%
More than one person per room
Unreliable estimate
2.1%
2.5%
3.4%
People per household
2.65
2.84
2.46
2.53
Drive alone
78%
73%
66%
69%
Carpool
4%
8%
8%
9%
Public transit
2%
2%
6%
3%
Walk or bike
Unreliable estimate
1%
3%
3%
Work from home
14%
15%
16%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Lockport has 2.65 people, fewer than in Will County (2.84).
In Lockport, 78% of workers drive alone to work; in Will County, 73%.
Do the math
What would you pay each month for a home in Lockport?
A typical home is tight for the typical income
We start with a typical home in Lockport, worth $316,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Lockport, which is $111,981 a year. For that payment to be 28% of income, a household would need to earn about $129,929 a year.
The calculator's FHA and conventional loan limits are those of all of Will County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lockport. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $11,060 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,032
at 7.18% · 30 years
Loan amount
$310,276
Total interest
$446,415
Paid off in
November 2056
Includes $5,336 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,613 a month
Tight
$2,613 to $3,359 a month
Your payment · 32%
Hard
more than $3,359 a month
Compared with the typical household income in Lockport ($111,981 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,102
Property tax
$658
Home insurance
$132
FHA mortgage insurance (MIP)
$140
You need at least $11,060 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,032; principal and interest $2,102.
The city and its county
Lockport and Will County
Lockport is in Will County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lockport
Map of Will County, Illinois, with Lockport marked. Around it, the neighboring counties.
Lockport
Will County
Other cities with a page
Lockport's own numbers
Typical home value
$316,000
Typical monthly rent
$1,525
Typical yearly household income
$111,981
Households that own their home
85%
Effective property tax rate
2.5%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Will County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Will County.
A typical home in Lockport is worth $316,000: about the same as the county and 20% above Illinois. With the typical household income in Lockport ($111,981 a year), a typical home costs 2.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lockport2.8 years
Will2.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Will County
According to FHFA’s house price index, home prices in Will County rose 79% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Will County.
Yearly change in FHFA’s price index in Will County, 2016 to 2025
2016: +3.5% +3.5% 2016
2017: +4.0% +4.0% 2017
2018: +4.1% +4.1% 2018
2019: +3.1% +3.1% 2019
2020: +1.3% +1.3% 2020
2021: +9.9% +9.9% 2021
2022: +14.1% +14.1% 2022
2023: +8.8% +8.8% 2023
2024: +7.0% +7.0% 2024
2025: +4.6% +4.6% 2025
Change in FHFA’s price index in Will County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+4.6%
+5.7%
+2.9%
5 years (2020–2025)
+53%
+47%
+47%
10 years (2015–2025)
+79%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lockport next to Will County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lockport$316,000
Will$319,600
Illinois$263,300
United States$332,700
Typical monthly rent
Lockport$1,525
Will$1,462
Illinois$1,274
United States$1,413
Typical yearly household income
Lockport$111,981
Will$109,984
Illinois$83,390
United States$80,734
See the full table
Lockport next to Will County and Illinois
Measure
Lockport
Will County
Illinois
U.S.
Typical home value
$316,000
$319,600
$263,300
$332,700
Typical monthly rent
$1,525 ▲4% above the county
$1,462
$1,274
$1,413
Typical yearly household income
$111,981
$109,984
$83,390
$80,734
Households that own their home
85% ▲2 points above the county
83%
67%
65%
Typical yearly property tax
$7,909 ▲10% above the county
$7,173
$5,298
$3,119
Effective property tax rate
2.5% ▲0.26 points above the county
2.24%
2.01%
0.94%
Renters with high rent for their income
55% ▲3 points above the county
51%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Will County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lockport
For a typical $316,000 home in Lockport, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lockport's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,032a month
Least cash to close
Down payment
$11,060
Cash to close
$20,540
Rate
7.18%
Mortgage insurance
FHA MIP · $140
Conventional, 5% down$2,974a month
Down payment
$15,800
Cash to close
$25,280
Rate
7.18%
Mortgage insurance
PMI · $150
Conventional, 20% down, no PMI$2,503a month
Down payment
$63,200
Cash to close
$72,680
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,795a month
Down payment
$47,400
Cash to close
$56,880
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lockport
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,032
$11,060
$310,276
7.18%
FHA MIP · $140
$20,540
580
Conventional, 5% down
$2,974
$15,800
$300,200
7.18%
PMI · $150
$25,280
620*
Conventional, 20% down, no PMI
$2,503
$63,200
$252,800
7.18%
None
$72,680
620*
ITIN, 15% down (example)
$2,795
$47,400
$268,600
8.18%
None
$56,880
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Lockport is $1,525 a month: 4% above the county. In Lockport, 55% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Will County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Will County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,678
$32.27
$67,120
1 bedroom
$1,780
$34.23
$71,200
2 bedrooms
$2,011
$38.67
$80,440
3 bedrooms
$2,586
$49.73
$103,440
4 bedrooms
$2,954
$56.81
$118,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lockport
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lockport is in ZIP code 60441.
For 2 bedrooms it is $2,120: $109 more than the fair market rent for Will County ($2,011).
Fair market rent by ZIP code and size in Lockport, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60441
$1,770
$1,880
$2,120
$2,730
$3,110
ZIP code2 bd3 bd
60441 $2,120$2,730
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lockport when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 2 buildings with rents for lower incomes in Lockport. These are the largest.
Lockport Senior Housing1300 E Division St, Lockport 6044150 low-income homes · 1 bd: 50 · In service since 2001 · For older adults, people with disabilities
Trinity Housing Group Home700 Green Garden Pl, Lockport 6044120 low-income homes · For older adults(815) 722-0063
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Will County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Lockport or Will County. The ones below are statewide in Illinois: they work in Lockport the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Lockport or Will County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lockport and all of Will County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lockport?
The typical home value in Lockport is $316,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Will County it is $319,600.
How much does it cost to rent in Lockport?
Typical rent in Lockport is $1,525 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Will County is $2,011.
What is the FHA loan limit in Lockport?
Lockport uses the FHA limit for all of Will County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Lockport?
The typical homeowner in Lockport pays $7,909 a year, according to the U.S. Census Bureau. That is 2.5% of the home’s value; in Will County, the rate is 2.24%.
Where can I find free help to buy or rent in Lockport?
There is 1 HUD-approved counseling agency with an office in Will County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
