Wadsworth, IL 60083 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wadsworth, IL—60083

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$389,000

6.3% YoY Growth

Household Income

$112,000

17.0% YoY Growth

Days on Market

41.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$2,250

4.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,250

9.8% YoY Growth

3-Bed Rent

$2,000

30.3% YoY Growth

Home Price Trends — Wadsworth, IL

As of May '26, the median home price in Wadsworth, IL is $389,000, with a year-over-year change of 6.3%. This indicates that home prices in Wadsworth, IL are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$389,000	6.3%
Single Family	$402,000	6.1%
Condos	$238,000	4.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wadsworth, IL

As of July '25, Rentcast reports the average rent in Wadsworth, IL is $2,320, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Wadsworth, IL is 2-bedrooms: $2,250, 3-bedrooms: $2,000, 4-bedrooms: $2,700. The most common rental property sizes in Wadsworth, IL are 3-bedroom and 2-bedroom, accounting for 52.5% and 32.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,250	$2,320
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$2,250	$2,250
3 Bed Rent	$2,000	$2,000
4 Bed Rent	$2,700	$2,700

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% of Rental Stock

1 Bedroom

0.4%

2 Bedrooms

32.7%

3 Bedrooms

52.5%

4 Bedrooms

14.3%

Property Listings — Wadsworth, IL

As of May '26, Realtor.com reports that the median days on market for a home in Wadsworth, IL is 40. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$600,000	-8.0%
Listing Count	30	-23.0%
Listings as % of Homes	0.9%	-23.0%
Days on Market	40	41.0%

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Demographics — Wadsworth, IL

As of the latest ACS Survey released in 2023, Wadsworth, IL has a population of 9,660, which has decreased by -3.4% over the past 5 years. Wadsworth, IL is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,660	-3.4%
% Under 18	19.1%	-26.0%
% Seniors	19.9%	47.4%
% WFH	11.2%	154.5%
% w/ College Degree	39.1%	-12.3%

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As of the latest ACS Survey released in 2023, Wadsworth, IL is a predominantly white area, with 49.6% of the population identifying as white. The white population has shrunk by 19.9% in the last 5 years. The second most common race or ethnicity in Wadsworth, IL is hispanic, making up 28.4% of the population. Foreign-born residents account for 18.5% of the population in Wadsworth, IL, and this percentage has increased by 83.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	49.6%	-19.9%
% Black	10.3%	-33.5%
% Hispanic	28.4%	121.9%
% Asian	9.4%	44.6%
% Foreign Born	18.5%	83.2%

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Mortgage and Risk — Wadsworth, IL

According to HUD data as of 2023, there were 131 mortgage originations in Wadsworth, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Wadsworth, IL. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	131
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Wadsworth, IL

Wadsworth, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	48
Total Units Section 8	48
% Rentals under Section 8	21.1%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,050
2 Bedroom	$70	$2,250	$2,320
3 Bedroom	$980	$2,000	$2,980
4 Bedroom	$800	$2,700	$3,500

Wadsworth, IL—60083

Key Metrics at a Glance

Home Price Trends — Wadsworth, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wadsworth, IL

% of Rental Stock

Property Listings — Wadsworth, IL

Demographics — Wadsworth, IL

Race and Ethnicity

Mortgage and Risk — Wadsworth, IL

Mortgages

Rentals and Section 8 — Wadsworth, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wadsworth, IL

Home Price to Income Ratio

Wadsworth, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gurnee, IL

Zion, IL

Waukegan, IL

Pleasant Prairie, WI

Kenosha, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$389,000
Median Household Income	$112,000

Wadsworth, IL—60083

Key Metrics at a Glance

Home Price Trends — Wadsworth, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wadsworth, IL

% of Rental Stock

Property Listings — Wadsworth, IL

Demographics — Wadsworth, IL

Race and Ethnicity

Mortgage and Risk — Wadsworth, IL

Mortgages

Rentals and Section 8 — Wadsworth, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wadsworth, IL

Home Price to Income Ratio

Wadsworth, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Gurnee, IL

Zion, IL

Waukegan, IL

Pleasant Prairie, WI

Kenosha, WI

Frequently Asked Questions

What is the average home price in Wadsworth, IL 60083?

How have home prices in Wadsworth, IL 60083 changed over the past year?

What is the home price projection for Wadsworth, IL 60083?

What are the demographics of Wadsworth, IL 60083?

How long does it take homes to sell in Wadsworth, IL 60083?

What is the average rent price in Wadsworth, IL 60083?