Braidwood, IL—60408
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Braidwood, IL
As of Oct '25, the median home price in Braidwood, IL is $277,000, with a year-over-year change of 4.7%. This indicates that home prices in Braidwood, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 4.7% |
| Single Family | $278,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 7.4% |
3 Bed | $279,000 | 4.9% |
4 Bed | $329,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Braidwood, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Braidwood, IL is 37. This is a decrease of -4.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -7.0% |
Listing Count | 28 | 58.0% |
| Listings as % of Homes | 0.5% | 58.0% |
Days on Market | 37 | -4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Braidwood, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $277,000 |
| Median Household Income | $93,900 |