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Wood Dale, IL—60191

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$342,000
5.0% YoY Growth
Household Income
$90,300
35.4% YoY Growth
Days on Market
40
36.0% Shorter YoY
Home Price Forecast
1.6%
Median Rent
$2,400
5.8% YoY Growth
1-Bed Rent
$800
N/A
2-Bed Rent
$1,900
2.0% YoY Growth
3-Bed Rent
$2,800
9.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wood Dale, IL

As of Dec '25, the median home price in Wood Dale, IL is $342,000, with a year-over-year change of 5.0%. This indicates that home prices in Wood Dale, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$342,0005.0%
Single Family $363,0005.2%
Condos $268,0006.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$265,0003.9%
    3 Bed
    		$364,0004.0%
    4 Bed
    		$459,0004.6%
    5 Bed $582,2613.8%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    3.5%
    2 Bedrooms
    31.0%
    3 Bedrooms
    46.6%
    4 Bedrooms
    14.2%
    5+ Bedrooms
    3.6%

    Rental Trends — Wood Dale, IL

    As of July '25, Rentcast reports the average rent in Wood Dale, IL is $2,290, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Wood Dale, IL is 1-bedrooms: $950, 2-bedrooms: $2,000, 3-bedrooms: $2,860, 4-bedrooms: $3,000. The most common rental property sizes in Wood Dale, IL are 2-bedroom and 3-bedroom, accounting for 57.8% and 24.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$2,290
    Studio Rent N/AN/A
    1 Bed Rent $800$950
    2 Bed Rent $1,900$2,000
    3 Bed Rent $2,800$2,860
    4 Bed Rent $3,000$3,000
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    12.7%
    2 Bedrooms
    57.8%
    3 Bedrooms
    24.4%
    4 Bedrooms
    0.7%
    5+ Bedrooms
    0.4%

    Property Listings — Wood Dale, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Wood Dale, IL is 33. This is a decrease of -18.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$300,0000.0%
    Listing Count
    		37-7.0%
    Listings as % of Homes0.4%-7.0%
    Days on Market
    		40-36.0%
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    Demographics — Wood Dale, IL

    As of the latest ACS Survey released in 2023, Wood Dale, IL has a population of 14,400, which has increased by 1.7% over the past 5 years. Wood Dale, IL is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,4001.7%
    % Under 18
    		20.4%3.0%
    % Seniors
    		19.2%25.5%
    % WFH
    		10.7%137.8%
    % w/ College Degree
    		25.1%-0.8%
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    As of the latest ACS Survey released in 2023, Wood Dale, IL is a predominantly white area, with 62.3% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Wood Dale, IL is hispanic, making up 29.0% of the population. Foreign-born residents account for 27.2% of the population in Wood Dale, IL, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		62.3%-6.7%
    % Black
    		3.1%93.8%
    % Hispanic
    		29.0%23.4%
    % Asian
    		4.5%-33.8%
    % Foreign Born
    		27.2%2.6%
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    Mortgage and Risk — Wood Dale, IL

    According to HUD data as of 2023, there were 237 mortgage originations in Wood Dale, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wood Dale, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		237
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Wood Dale, IL

    As of 2024, the percent of homes in Wood Dale, IL under the Section 8 program is 1.4%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Wood Dale, IL, because HUD payments exceed market rent, while 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		16
    Total Units Section 8
    		16
    % Rentals under Section 8
    		1.4%
    % Occupied Section 8
    		90.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$1,050$800$1,850
    2 Bedroom$190$1,900$2,090
    3 Bedroom-$120$2,800$2,680
    4 Bedroom$150$3,000$3,150

    Affordability — Wood Dale, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$342,000
    Median Household Income$90,300

    Wood Dale, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions