Brookfield, IL 60513 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Brookfield, IL—60513

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$355,000

7.3% YoY Growth

Household Income

$109,000

33.9% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,900

14.7% YoY Growth

1-Bed Rent

$1,500

4.1% YoY Growth

2-Bed Rent

$1,900

6.9% YoY Growth

3-Bed Rent

$2,480

18.8% YoY Growth

Home Price Trends — Brookfield, IL

As of May '26, the median home price in Brookfield, IL is $355,000, with a year-over-year change of 7.3%. This indicates that home prices in Brookfield, 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	$355,000	7.3%
Single Family	$360,000	7.5%
Condos	$225,000	6.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Brookfield, IL

As of July '25, Rentcast reports the average rent in Brookfield, IL is $2,030, with a year-over-year rent change of 14.7%. Per bedroom, the median rent as of July '25 in Brookfield, IL is studios: $1,000, 1-bedrooms: $1,520, 2-bedrooms: $1,870, 3-bedrooms: $2,660, 4-bedrooms: $2,000. The most common rental property sizes in Brookfield, IL are 2-bedroom and 1-bedroom, accounting for 67.0% and 17.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,030
Studio Rent	$1,000	$1,000
1 Bed Rent	$1,500	$1,520
2 Bed Rent	$1,900	$1,870
3 Bed Rent	$2,480	$2,660
4 Bed Rent	$2,000	$2,000

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% of Rental Stock

Studio

0.6%

1 Bedroom

17.8%

2 Bedrooms

67.0%

3 Bedrooms

12.8%

4 Bedrooms

1.8%

Property Listings — Brookfield, IL

As of May '26, Realtor.com reports that the median days on market for a home in Brookfield, IL is 22. 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$435,000	-7.0%
Listing Count	37	10.0%
Listings as % of Homes	0.5%	10.0%
Days on Market	22	-4.0%

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Demographics — Brookfield, IL

As of the latest ACS Survey released in 2023, Brookfield, IL has a population of 19,300, which has increased by 2.0% over the past 5 years. Brookfield, IL is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,300	2.0%
% Under 18	24.1%	-4.4%
% Seniors	13.7%	4.6%
% WFH	16.2%	422.6%
% w/ College Degree	41.9%	-4.3%

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As of the latest ACS Survey released in 2023, Brookfield, IL is a predominantly white area, with 69.9% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Brookfield, IL is hispanic, making up 20.4% of the population. Foreign-born residents account for 9.3% of the population in Brookfield, 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	69.9%	1.7%
% Black	5.4%	-1.8%
% Hispanic	20.4%	-10.9%
% Asian	0.9%	-52.6%
% Foreign Born	9.3%	0.0%

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Mortgage and Risk — Brookfield, IL

According to HUD data as of 2023, there were 333 mortgage originations in Brookfield, IL, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Brookfield, IL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	333
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Brookfield, IL

As of 2024, the percent of homes in Brookfield, IL under the Section 8 program is 1.1%. 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 Brookfield, 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	11
Total Units Section 8	11
% Rentals under Section 8	1.1%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$140	$1,500	$1,360
2 Bedroom	-$370	$1,900	$1,530
3 Bedroom	-$510	$2,480	$1,970
4 Bedroom	$310	$2,000	$2,310

Brookfield, IL—60513

Key Metrics at a Glance

Home Price Trends — Brookfield, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Brookfield, IL

% of Rental Stock

Property Listings — Brookfield, IL

Demographics — Brookfield, IL

Race and Ethnicity

Mortgage and Risk — Brookfield, IL

Mortgages

Rentals and Section 8 — Brookfield, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Brookfield, IL

Home Price to Income Ratio

Brookfield, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lyons, IL

Riverside, IL

Broadview, IL

Hines, IL

La Grange Park, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$355,000
Median Household Income	$109,000

Brookfield, IL—60513

Key Metrics at a Glance

Home Price Trends — Brookfield, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Brookfield, IL

% of Rental Stock

Property Listings — Brookfield, IL

Demographics — Brookfield, IL

Race and Ethnicity

Mortgage and Risk — Brookfield, IL

Mortgages

Rentals and Section 8 — Brookfield, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Brookfield, IL

Home Price to Income Ratio

Brookfield, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Lyons, IL

Riverside, IL

Broadview, IL

Hines, IL

La Grange Park, IL

Frequently Asked Questions

What is the average home price in Brookfield, IL 60513?

How have home prices in Brookfield, IL 60513 changed over the past year?

What is the home price projection for Brookfield, IL 60513?

What are the demographics of Brookfield, IL 60513?

How long does it take homes to sell in Brookfield, IL 60513?

What is the average rent price in Brookfield, IL 60513?