Wood Dale, IL—60191
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wood Dale, IL
As of Oct '25, the median home price in Wood Dale, IL is $344,000, with a year-over-year change of 4.8%. This indicates that home prices in Wood Dale, 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 | $344,000 | 4.8% |
| Single Family | $366,000 | 5.2% |
| Condos | $270,000 | 7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | 3.5% |
3 Bed | $367,000 | 4.3% |
4 Bed | $466,000 | 4.3% |
| 5 Bed | $588,000 | 3.7% |
% of Housing Stock
Rental Trends — Wood Dale, IL
As of July '25, Rentcast reports the average rent in Wood Dale, IL is $2,290, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Wood Dale, IL is 1-bedrooms: $950, 2-bedrooms: $2,000, 3-bedrooms: $2,860, 4-bedrooms: $3,000. The most common rental property sizes in Wood Dale, IL are 2-bedroom and 3-bedroom, accounting for 57.8% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $950 |
| 2 Bed Rent | $1,900 | $2,000 |
| 3 Bed Rent | $2,800 | $2,860 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Wood Dale, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wood Dale, IL is 24. This is a increase of 7.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | 9.0% |
Listing Count | 31 | -20.0% |
| Listings as % of Homes | 0.4% | -20.0% |
Days on Market | 24 | 7.0% |
Demographics — Wood Dale, IL
As of the latest ACS Survey released in 2023, Wood Dale, IL has a population of 14,400, which has increased by 1.7% over the past 5 years. Wood Dale, IL is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,400 | 1.7% |
% Under 18 | 20.4% | 3.0% |
% Seniors | 19.2% | 25.5% |
% WFH | 10.7% | 137.8% |
% w/ College Degree | 25.1% | -0.8% |
As of the latest ACS Survey released in 2023, Wood Dale, IL is a predominantly white area, with 62.3% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Wood Dale, IL is hispanic, making up 29.0% of the population. Foreign-born residents account for 27.2% of the population in Wood Dale, IL, and this percentage has increased by 2.6% 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 | 62.3% | -6.7% |
% Black | 3.1% | 93.8% |
% Hispanic | 29.0% | 23.4% |
% Asian | 4.5% | -33.8% |
% Foreign Born | 27.2% | 2.6% |
Mortgage and Risk — Wood Dale, IL
According to HUD data as of 2023, there were 237 mortgage originations in Wood Dale, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wood Dale, IL. Investor activity is low, as 1.0% 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 | 237 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Wood Dale, IL
As of 2024, the percent of homes in Wood Dale, IL under the Section 8 program is 1.4%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Wood Dale, IL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,050 | $800 | $1,850 |
| 2 Bedroom | $190 | $1,900 | $2,090 |
| 3 Bedroom | -$120 | $2,800 | $2,680 |
| 4 Bedroom | $150 | $3,000 | $3,150 |
Affordability — Wood Dale, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $344,000 |
| Median Household Income | $90,300 |