Wheaton, IL—60189
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wheaton, IL
Home Price Trends — Wheaton, IL
As of Nov '25, the median home price in Wheaton, IL is $484,000, with a year-over-year change of 5.4%. This indicates that home prices in Wheaton, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $484,000 | 5.4% |
| Single Family | $556,000 | 5.3% |
| Condos | $236,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $199,000 | 17.1% |
2 Bed | $251,000 | 4.1% |
3 Bed | $397,000 | 5.9% |
4 Bed | $673,000 | 5.2% |
| 5 Bed | $830,127 | 5.9% |
% of Housing Stock
Rental Trends — Wheaton, IL
As of July '25, Rentcast reports the average rent in Wheaton, IL is $2,420, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Wheaton, IL is 1-bedrooms: $1,940, 2-bedrooms: $2,430, 3-bedrooms: $3,310, 4-bedrooms: $4,070. The most common rental property sizes in Wheaton, IL are 2-bedroom and 1-bedroom, accounting for 47.8% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,940 |
| 2 Bed Rent | $2,400 | $2,430 |
| 3 Bed Rent | $3,000 | $3,310 |
| 4 Bed Rent | $4,000 | $4,070 |
% of Rental Stock
Property Listings — Wheaton, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Wheaton, IL is 33. This is a increase of 5.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 37.0% |
Listing Count | 59 | -18.0% |
| Listings as % of Homes | 0.3% | -18.0% |
Days on Market | 33 | 5.0% |
Demographics — Wheaton, IL
As of the latest ACS Survey released in 2023, Wheaton, IL has a population of 30,900, which has increased by 1.4% over the past 5 years. Wheaton, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 66.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,900 | 1.4% |
% Under 18 | 23.7% | 2.2% |
% Seniors | 18.2% | 20.5% |
% WFH | 25.1% | 253.5% |
% w/ College Degree | 66.1% | 2.5% |
As of the latest ACS Survey released in 2023, Wheaton, IL is a predominantly white area, with 80.0% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Wheaton, IL is hispanic, making up 7.2% of the population. Foreign-born residents account for 11.1% of the population in Wheaton, IL, and this percentage has decreased by 7.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.0% | -0.5% |
% Black | 2.8% | -34.9% |
% Hispanic | 7.2% | 18.0% |
% Asian | 5.3% | -13.1% |
% Foreign Born | 11.1% | -7.5% |
Mortgage and Risk — Wheaton, IL
According to HUD data as of 2023, there were 548 mortgage originations in Wheaton, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Wheaton, IL. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 548 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Wheaton, IL
As of 2024, the percent of homes in Wheaton, IL under the Section 8 program is 4.7%. 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 Wheaton, 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 | 138 |
Total Units Section 8 | 138 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,900 | $1,910 |
| 2 Bedroom | -$240 | $2,400 | $2,160 |
| 3 Bedroom | -$230 | $3,000 | $2,770 |
| 4 Bedroom | -$740 | $4,000 | $3,260 |
Affordability — Wheaton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $484,000 |
| Median Household Income | $125,000 |