Maywood, IL 60153 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Maywood, IL—60153

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$231,000

2.7% YoY Growth

Household Income

$66,500

36.8% YoY Growth

Days on Market

35.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,700

31.7% YoY Growth

1-Bed Rent

$1,200

19.3% YoY Growth

2-Bed Rent

$1,560

12.9% YoY Growth

3-Bed Rent

$2,000

12.6% YoY Growth

Home Price Trends — Maywood, IL

As of Dec '25, the median home price in Maywood, IL is $231,000, with a year-over-year change of 2.7%. This indicates that home prices in Maywood, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$231,000	2.7%
Single Family	$234,000	3.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Maywood, IL

As of July '25, Rentcast reports the average rent in Maywood, IL is $1,830, with a year-over-year rent change of 31.7%. Per bedroom, the median rent as of July '25 in Maywood, IL is 1-bedrooms: $1,300, 2-bedrooms: $1,570, 3-bedrooms: $1,970, 4-bedrooms: $3,000. The most common rental property sizes in Maywood, IL are 2-bedroom and 3-bedroom, accounting for 40.9% and 21.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,830
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,300
2 Bed Rent	$1,560	$1,570
3 Bed Rent	$2,000	$1,970
4 Bed Rent	$2,800	$3,000

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% of Rental Stock

Studio

5.9%

1 Bedroom

21.4%

2 Bedrooms

40.9%

3 Bedrooms

21.8%

4 Bedrooms

7.0%

5+ Bedrooms

3.0%

Property Listings — Maywood, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Maywood, IL is 40. This is a decrease of -2.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$340,000	19.0%
Listing Count	65	-7.0%
Listings as % of Homes	0.9%	-7.0%
Days on Market	50	35.0%

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Demographics — Maywood, IL

As of the latest ACS Survey released in 2023, Maywood, IL has a population of 23,200, which has decreased by -2.7% over the past 5 years. Maywood, IL is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,200	-2.7%
% Under 18	26.1%	14.0%
% Seniors	12.8%	-5.9%
% WFH	11.8%	337.0%
% w/ College Degree	16.7%	21.9%

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As of the latest ACS Survey released in 2023, Maywood, IL is a predominantly black area, with 57.9% of the population identifying as black. The black population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Maywood, IL is hispanic, making up 33.4% of the population. Foreign-born residents account for 13.8% of the population in Maywood, IL, and this percentage has increased by 19.0% 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	5.7%	58.3%
% Black	57.9%	-15.2%
% Hispanic	33.4%	22.3%
% Asian	0.6%	-14.3%
% Foreign Born	13.8%	19.0%

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Mortgage and Risk — Maywood, IL

According to HUD data as of 2023, there were 227 mortgage originations in Maywood, IL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Maywood, IL. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	227
% Conventional Loans	54.0%
% Government Loans	46.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Maywood, IL

As of 2024, the percent of homes in Maywood, IL under the Section 8 program is 16.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Maywood, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	479
Total Units Section 8	479
% Rentals under Section 8	16.4%
% Occupied Section 8	88.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$110	$1,200	$1,310
2 Bedroom	-$80	$1,560	$1,480
3 Bedroom	-$100	$2,000	$1,900
4 Bedroom	-$570	$2,800	$2,230

Maywood, IL—60153

Key Metrics at a Glance

Home Price Trends — Maywood, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Maywood, IL

% of Rental Stock

Property Listings — Maywood, IL

Demographics — Maywood, IL

Race and Ethnicity

Mortgage and Risk — Maywood, IL

Mortgages

Rentals and Section 8 — Maywood, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Maywood, IL

Home Price to Income Ratio

Maywood, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hines, IL

Broadview, IL

River Forest, IL

Forest Park, IL

Melrose Park, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$231,000
Median Household Income	$66,500

Maywood, IL—60153

Key Metrics at a Glance

Home Price Trends — Maywood, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Maywood, IL

% of Rental Stock

Property Listings — Maywood, IL

Demographics — Maywood, IL

Race and Ethnicity

Mortgage and Risk — Maywood, IL

Mortgages

Rentals and Section 8 — Maywood, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Maywood, IL

Home Price to Income Ratio

Maywood, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hines, IL

Broadview, IL

River Forest, IL

Forest Park, IL

Melrose Park, IL

Frequently Asked Questions

What is the average home price in Maywood, IL 60153?

How have home prices in Maywood, IL 60153 changed over the past year?

What is the home price projection for Maywood, IL 60153?

What are the demographics of Maywood, IL 60153?

How long does it take homes to sell in Maywood, IL 60153?

What is the average rent price in Maywood, IL 60153?