Winfield, IL—60190
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winfield, IL
As of Oct '25, the median home price in Winfield, IL is $437,000, with a year-over-year change of 5.2%. This indicates that home prices in Winfield, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $437,000 | 5.2% |
| Single Family | $452,000 | 4.9% |
| Condos | $275,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $342,000 | 2.1% |
3 Bed | $405,000 | 3.6% |
4 Bed | $561,000 | 4.7% |
| 5 Bed | $736,000 | 5.6% |
% of Housing Stock
Rental Trends — Winfield, IL
As of July '25, Rentcast reports the average rent in Winfield, IL is $2,480, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Winfield, IL is 1-bedrooms: $2,200, 2-bedrooms: $2,430, 3-bedrooms: $3,110, 4-bedrooms: $3,160. The most common rental property sizes in Winfield, IL are 2-bedroom and 3-bedroom, accounting for 56.9% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,310 | $2,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,200 | $2,200 |
| 2 Bed Rent | $2,320 | $2,430 |
| 3 Bed Rent | $3,000 | $3,110 |
| 4 Bed Rent | $2,980 | $3,160 |
% of Rental Stock
Property Listings — Winfield, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Winfield, IL is 21. This is a increase of 3.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | -5.0% |
Listing Count | 36 | 12.0% |
| Listings as % of Homes | 0.8% | 12.0% |
Days on Market | 21 | 3.0% |
Demographics — Winfield, IL
As of the latest ACS Survey released in 2023, Winfield, IL has a population of 11,900, which has increased by 7.1% over the past 5 years. Winfield, IL is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 57.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | 7.1% |
% Under 18 | 22.3% | 19.3% |
% Seniors | 20.5% | 13.9% |
% WFH | 22.8% | 162.1% |
% w/ College Degree | 57.1% | 0.2% |
As of the latest ACS Survey released in 2023, Winfield, IL is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Winfield, IL is hispanic, making up 13.1% of the population. Foreign-born residents account for 7.7% of the population in Winfield, IL, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.3% | -11.5% |
% Black | 1.6% | -15.8% |
% Hispanic | 13.1% | 219.5% |
% Asian | 4.7% | 34.3% |
% Foreign Born | 7.7% | -8.3% |
Mortgage and Risk — Winfield, IL
According to HUD data as of 2023, there were 116 mortgage originations in Winfield, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Winfield, IL. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Winfield, IL
As of 2024, the percent of homes in Winfield, IL under the Section 8 program is 3.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Winfield, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $2,200 | $2,040 |
| 2 Bedroom | $0 | $2,320 | $2,320 |
| 3 Bedroom | -$50 | $3,000 | $2,950 |
| 4 Bedroom | $510 | $2,980 | $3,490 |
Affordability — Winfield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $437,000 |
| Median Household Income | $147,000 |