Braidwood, IL 60408 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Braidwood, IL—60408

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$272,000

5.0% YoY Growth

Household Income

$93,900

43.3% YoY Growth

Days on Market

55.0% Longer YoY

Home Price Forecast

1.4%

Median Rent

$1,300

79.7% YoY Growth

1-Bed Rent

$1,300

18.2% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$3,310

N/A

Home Price Trends — Braidwood, IL

As of Dec '25, the median home price in Braidwood, IL is $272,000, with a year-over-year change of 5.0%. This indicates that home prices in Braidwood, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$272,000	5.0%
Single Family	$272,000	5.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Braidwood, IL

As of July '25, Rentcast reports the average rent in Braidwood, IL is $2,300, with a year-over-year rent change of 79.7%. Per bedroom, the median rent as of July '25 in Braidwood, IL is 1-bedrooms: $1,300, 3-bedrooms: $3,310. The most common rental property sizes in Braidwood, IL are 3-bedroom and 2-bedroom, accounting for 37.0% and 29.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$2,300
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,300
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,310	$3,310
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

21.4%

2 Bedrooms

29.1%

3 Bedrooms

37.0%

4 Bedrooms

10.8%

5+ Bedrooms

1.7%

Property Listings — Braidwood, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Braidwood, IL is 61. This is a increase of 11.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$319,000	-9.0%
Listing Count	14	51.0%
Listings as % of Homes	0.5%	51.0%
Days on Market	83	55.0%

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Demographics — Braidwood, IL

As of the latest ACS Survey released in 2023, Braidwood, IL has a population of 5,330, which has decreased by -5.6% over the past 5 years. Braidwood, IL is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,330	-5.6%
% Under 18	19.2%	-18.3%
% Seniors	15.0%	51.5%
% WFH	5.1%	920.0%
% w/ College Degree	19.1%	87.3%

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As of the latest ACS Survey released in 2023, Braidwood, IL is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Braidwood, IL is hispanic, making up 7.5% of the population. Foreign-born residents account for 0.9% of the population in Braidwood, IL, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.3%	-3.3%
% Black	0.2%	-33.3%
% Hispanic	7.5%	63.0%
% Asian	0.0%	-100.0%
% Foreign Born	0.9%	0.0%

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Mortgage and Risk — Braidwood, IL

According to HUD data as of 2023, there were 146 mortgage originations in Braidwood, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Braidwood, IL. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	146
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	3.0%
% Second Loans	3.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Braidwood, IL

Braidwood, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	17
Total Units Section 8	9
% Rentals under Section 8	1.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$70	$1,300	$1,370
2 Bedroom	N/A	N/A	$1,550
3 Bedroom	-$1,320	$3,310	$1,990
4 Bedroom	N/A	N/A	$2,340

Braidwood, IL—60408

Key Metrics at a Glance

Home Price Trends — Braidwood, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Braidwood, IL

% of Rental Stock

Property Listings — Braidwood, IL

Demographics — Braidwood, IL

Race and Ethnicity

Mortgage and Risk — Braidwood, IL

Mortgages

Rentals and Section 8 — Braidwood, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Braidwood, IL

Home Price to Income Ratio

Braidwood, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Braceville, IL

Coal City, IL

Wilmington, IL

East Brooklyn

Essex, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$272,000
Median Household Income	$93,900

Braidwood, IL—60408

Key Metrics at a Glance

Home Price Trends — Braidwood, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Braidwood, IL

% of Rental Stock

Property Listings — Braidwood, IL

Demographics — Braidwood, IL

Race and Ethnicity

Mortgage and Risk — Braidwood, IL

Mortgages

Rentals and Section 8 — Braidwood, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Braidwood, IL

Home Price to Income Ratio

Braidwood, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Braceville, IL

Coal City, IL

Wilmington, IL

East Brooklyn

Essex, IL

Frequently Asked Questions

What is the average home price in Braidwood, IL 60408?

How have home prices in Braidwood, IL 60408 changed over the past year?

What is the home price projection for Braidwood, IL 60408?

What are the demographics of Braidwood, IL 60408?

How long does it take homes to sell in Braidwood, IL 60408?

What is the average rent price in Braidwood, IL 60408?