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Berwyn, IL—60402

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$316,000
5.7% YoY Growth
Household Income
$74,000
21.7% YoY Growth
Days on Market
36
15.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$1,250
2.0% YoY Growth
1-Bed Rent
$1,100
2.7% YoY Growth
2-Bed Rent
$1,650
14.9% YoY Growth
3-Bed Rent
$2,100
10.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Berwyn, IL

As of May '26, the median home price in Berwyn, IL is $316,000, with a year-over-year change of 5.7%. This indicates that home prices in Berwyn, IL are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$316,0005.7%
Single Family $322,0005.2%
Condos $169,0002.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $142,000
    2.9%
    2 Bed
    		$268,0005.5%
    3 Bed
    		$318,0005.6%
    4 Bed
    		$377,0005.3%
    5 Bed $423,1995.6%
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    % of Housing Stock

    Studio
    2.0%
    1 Bedroom
    12.5%
    2 Bedrooms
    33.8%
    3 Bedrooms
    34.6%
    4 Bedrooms
    12.6%
    5+ Bedrooms
    4.6%

    Rental Trends — Berwyn, IL

    As of July '25, Rentcast reports the average rent in Berwyn, IL is $1,510, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Berwyn, IL is studios: $1,020, 1-bedrooms: $1,150, 2-bedrooms: $1,700, 3-bedrooms: $2,280, 4-bedrooms: $2,620. The most common rental property sizes in Berwyn, IL are 2-bedroom and 1-bedroom, accounting for 41.5% and 32.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,510
    Studio Rent $995$1,020
    1 Bed Rent $1,100$1,150
    2 Bed Rent $1,650$1,700
    3 Bed Rent $2,100$2,280
    4 Bed Rent $2,600$2,620
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    % of Rental Stock

    Studio
    5.2%
    1 Bedroom
    32.7%
    2 Bedrooms
    41.5%
    3 Bedrooms
    17.2%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    0.7%

    Property Listings — Berwyn, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Berwyn, IL is 36. This is a increase of 15.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$360,000-2.0%
    Listing Count
    		11219.0%
    Listings as % of Homes0.5%19.0%
    Days on Market
    		3615.0%
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    Demographics — Berwyn, IL

    As of the latest ACS Survey released in 2023, Berwyn, IL has a population of 63,900, which has remained stable by 0.5% over the past 5 years. Berwyn, IL is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		63,9000.5%
    % Under 18
    		23.6%-7.8%
    % Seniors
    		13.1%20.2%
    % WFH
    		10.3%472.2%
    % w/ College Degree
    		25.2%18.3%
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    As of the latest ACS Survey released in 2023, Berwyn, IL is a predominantly hispanic area, with 60.6% of the population identifying as hispanic. The hispanic population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Berwyn, IL is white, making up 27.3% of the population. Foreign-born residents account for 22.8% of the population in Berwyn, IL, and this percentage has decreased by 14.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		27.3%-1.1%
    % Black
    		7.6%26.7%
    % Hispanic
    		60.6%-2.4%
    % Asian
    		3.8%15.2%
    % Foreign Born
    		22.8%-14.0%
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    Mortgage and Risk — Berwyn, IL

    According to HUD data as of 2023, there were 723 mortgage originations in Berwyn, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Berwyn, IL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		723
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Berwyn, IL

    As of 2024, the percent of homes in Berwyn, IL under the Section 8 program is 2.7%. 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 Berwyn, 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
    		227
    Total Units Section 8
    		227
    % Rentals under Section 8
    		2.7%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$320$1,100$1,420
    2 Bedroom-$50$1,650$1,600
    3 Bedroom-$40$2,100$2,060
    4 Bedroom-$190$2,600$2,410

    Affordability — Berwyn, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$316,000
    Median Household Income$74,000

    Berwyn, IL — ZIP Code Boundary Map

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    Frequently Asked Questions