Maywood, IL—60153
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Maywood, IL
As of Oct '25, the median home price in Maywood, IL is $230,000, with a year-over-year change of 2.4%. This indicates that home prices in Maywood, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 2.4% |
| Single Family | $233,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 4.3% |
3 Bed | $230,000 | 2.2% |
4 Bed | $260,000 | 2.4% |
| 5 Bed | $302,000 | 2.4% |
% of Housing Stock
Rental Trends — Maywood, IL
As of July '25, Rentcast reports the average rent in Maywood, IL is $1,830, with a year-over-year rent change of 31.7%. Per bedroom, the median rent as of July '25 in Maywood, IL is 1-bedrooms: $1,300, 2-bedrooms: $1,570, 3-bedrooms: $1,970, 4-bedrooms: $3,000. The most common rental property sizes in Maywood, IL are 2-bedroom and 3-bedroom, accounting for 40.9% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,300 |
| 2 Bed Rent | $1,560 | $1,570 |
| 3 Bed Rent | $2,000 | $1,970 |
| 4 Bed Rent | $2,800 | $3,000 |
% of Rental Stock
Property Listings — Maywood, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Maywood, IL is 37. This is a decrease of -8.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 23.0% |
Listing Count | 82 | 17.0% |
| Listings as % of Homes | 0.9% | 17.0% |
Days on Market | 37 | -8.0% |
Demographics — Maywood, IL
As of the latest ACS Survey released in 2023, Maywood, IL has a population of 23,200, which has decreased by -2.7% over the past 5 years. Maywood, IL is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | -2.7% |
% Under 18 | 26.1% | 14.0% |
% Seniors | 12.8% | -5.9% |
% WFH | 11.8% | 337.0% |
% w/ College Degree | 16.7% | 21.9% |
As of the latest ACS Survey released in 2023, Maywood, IL is a predominantly black area, with 57.9% of the population identifying as black. The black population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Maywood, IL is hispanic, making up 33.4% of the population. Foreign-born residents account for 13.8% of the population in Maywood, IL, and this percentage has increased by 19.0% 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 | 5.7% | 58.3% |
% Black | 57.9% | -15.2% |
% Hispanic | 33.4% | 22.3% |
% Asian | 0.6% | -14.3% |
% Foreign Born | 13.8% | 19.0% |
Mortgage and Risk — Maywood, IL
According to HUD data as of 2023, there were 227 mortgage originations in Maywood, IL, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Maywood, IL. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 227 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Maywood, IL
As of 2024, the percent of homes in Maywood, IL under the Section 8 program is 16.4%. This is considered high, suggesting that the neighborhood is heavily 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 Maywood, 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 | 479 |
Total Units Section 8 | 479 |
% Rentals under Section 8 | 16.4% |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,200 | $1,310 |
| 2 Bedroom | -$80 | $1,560 | $1,480 |
| 3 Bedroom | -$100 | $2,000 | $1,900 |
| 4 Bedroom | -$570 | $2,800 | $2,230 |
Affordability — Maywood, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $230,000 |
| Median Household Income | $66,500 |