Wadsworth, IL—60083
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wadsworth, IL
As of Oct '25, the median home price in Wadsworth, IL is $369,000, with a year-over-year change of 4.1%. This indicates that home prices in Wadsworth, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 4.1% |
| Single Family | $381,000 | 4.1% |
| Condos | $229,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 3.8% |
3 Bed | $343,000 | 4.6% |
4 Bed | $424,000 | 3.7% |
| 5 Bed | $601,000 | 4.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Wadsworth, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wadsworth, IL is 39. This is a decrease of -17.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -7.0% |
Listing Count | 38 | -13.0% |
| Listings as % of Homes | 0.9% | -13.0% |
Days on Market | 39 | -17.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Wadsworth, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $369,000 |
| Median Household Income | $112,000 |