Woodridge, IL—60517
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Woodridge, IL
As of Oct '25, the median home price in Woodridge, IL is $394,000, with a year-over-year change of 4.3%. This indicates that home prices in Woodridge, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $394,000 | 4.3% |
| Single Family | $425,000 | 3.7% |
| Condos | $208,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $156,000 | 2.0% |
2 Bed | $228,000 | 3.2% |
3 Bed | $399,000 | 3.9% |
4 Bed | $494,000 | 3.1% |
| 5 Bed | $627,000 | 3.1% |
% of Housing Stock
Rental Trends — Woodridge, IL
As of July '25, Rentcast reports the average rent in Woodridge, IL is $1,920, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Woodridge, IL is studios: $1,370, 1-bedrooms: $1,700, 2-bedrooms: $2,080, 3-bedrooms: $2,810, 4-bedrooms: $3,360. The most common rental property sizes in Woodridge, IL are 2-bedroom and 1-bedroom, accounting for 53.6% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,920 |
| Studio Rent | $1,360 | $1,370 |
| 1 Bed Rent | $1,620 | $1,700 |
| 2 Bed Rent | $2,020 | $2,080 |
| 3 Bed Rent | $2,750 | $2,810 |
| 4 Bed Rent | $3,100 | $3,360 |
% of Rental Stock
Property Listings — Woodridge, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Woodridge, IL is 29. This is a increase of 2.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | 1.0% |
Listing Count | 100 | 56.0% |
| Listings as % of Homes | 0.4% | 56.0% |
Days on Market | 29 | 2.0% |
Demographics — Woodridge, IL
As of the latest ACS Survey released in 2023, Woodridge, IL has a population of 33,200, which has increased by 2.6% over the past 5 years. Woodridge, IL is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,200 | 2.6% |
% Under 18 | 23.4% | 9.3% |
% Seniors | 13.2% | 16.8% |
% WFH | 19.4% | 234.5% |
% w/ College Degree | 44.9% | -8.7% |
As of the latest ACS Survey released in 2023, Woodridge, IL is a predominantly white area, with 57.2% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Woodridge, IL is hispanic, making up 16.6% of the population. Foreign-born residents account for 20.1% of the population in Woodridge, IL, and this percentage has increased by 1.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.2% | -8.8% |
% Black | 11.4% | 26.7% |
% Hispanic | 16.6% | 22.1% |
% Asian | 10.9% | -13.5% |
% Foreign Born | 20.1% | 1.5% |
Mortgage and Risk — Woodridge, IL
According to HUD data as of 2023, there were 451 mortgage originations in Woodridge, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Woodridge, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 451 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Woodridge, IL
As of 2024, the percent of homes in Woodridge, IL under the Section 8 program is 4.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Woodridge, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 190 |
Total Units Section 8 | 190 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,620 | $1,690 |
| 2 Bedroom | -$110 | $2,020 | $1,910 |
| 3 Bedroom | -$300 | $2,750 | $2,450 |
| 4 Bedroom | -$220 | $3,100 | $2,880 |
Affordability — Woodridge, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $394,000 |
| Median Household Income | $96,400 |