Brookfield, IL—60513
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brookfield, IL
As of Oct '25, the median home price in Brookfield, IL is $332,000, with a year-over-year change of 3.9%. This indicates that home prices in Brookfield, 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 | $332,000 | 3.9% |
| Single Family | $336,000 | 4.7% |
| Condos | $217,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 4.0% |
3 Bed | $338,000 | 4.3% |
4 Bed | $401,000 | 5.5% |
| 5 Bed | $461,000 | 6.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Brookfield, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Brookfield, IL is 28. This is a decrease of -6.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 8.0% |
Listing Count | 44 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 28 | -6.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Brookfield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $332,000 |
| Median Household Income | $109,000 |