Broadview, IL—60155
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broadview, IL
As of Oct '25, the median home price in Broadview, IL is $258,000, with a year-over-year change of 2.9%. This indicates that home prices in Broadview, 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 | $258,000 | 2.9% |
| Single Family | $261,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 4.9% |
3 Bed | $267,000 | 2.7% |
4 Bed | $302,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Broadview, IL
As of July '25, Rentcast reports the average rent in Broadview, IL is $1,650, with a year-over-year rent change of 25.0%. Per bedroom, the median rent as of July '25 in Broadview, IL is studios: $1,150, 1-bedrooms: $1,210, 2-bedrooms: $1,750, 3-bedrooms: $2,860. The most common rental property sizes in Broadview, IL are 2-bedroom and 1-bedroom, accounting for 48.8% and 45.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,650 |
| Studio Rent | $1,150 | $1,150 |
| 1 Bed Rent | $1,220 | $1,210 |
| 2 Bed Rent | $1,800 | $1,750 |
| 3 Bed Rent | $2,800 | $2,860 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Broadview, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Broadview, IL is 33. This is a increase of 5.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | 27.0% |
Listing Count | 24 | 47.0% |
| Listings as % of Homes | 0.7% | 47.0% |
Days on Market | 33 | 5.0% |
Demographics — Broadview, IL
As of the latest ACS Survey released in 2023, Broadview, IL has a population of 7,910, which has remained stable by 1.0% over the past 5 years. Broadview, IL is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,910 | 1.0% |
% Under 18 | 23.2% | 26.8% |
% Seniors | 20.3% | 6.8% |
% WFH | 5.6% | 33.3% |
% w/ College Degree | 15.0% | -20.2% |
As of the latest ACS Survey released in 2023, Broadview, IL is a predominantly black area, with 63.3% of the population identifying as black. The black population has shrunk by 15.1% in the last 5 years. The second most common race or ethnicity in Broadview, IL is hispanic, making up 21.2% of the population. Foreign-born residents account for 11.1% of the population in Broadview, IL, and this percentage has increased by 126.5% 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 | 10.7% | -28.2% |
% Black | 63.3% | -15.1% |
% Hispanic | 21.2% | 523.5% |
% Asian | 1.9% | -36.7% |
% Foreign Born | 11.1% | 126.5% |
Mortgage and Risk — Broadview, IL
According to HUD data as of 2023, there were 139 mortgage originations in Broadview, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Broadview, IL. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Broadview, IL
Broadview, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 77 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,220 | $1,240 |
| 2 Bedroom | -$400 | $1,800 | $1,400 |
| 3 Bedroom | -$1,000 | $2,800 | $1,800 |
| 4 Bedroom | N/A | N/A | $2,110 |
Affordability — Broadview, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $258,000 |
| Median Household Income | $59,700 |