Maywood, Illinois Housing Market Prices
Maywood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 25% above the Illinois median$187,384
-
Median rent 4% below the Illinois median$1,219
Housing Market Overview
| Metric | Maywood | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,384 | $149,936 | $248,835 |
| Price Trend (Annual %) | 8.0% | 2.5% | 7.5% |
| Median Gross Rent | $1,219 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maywood is about 25% higher than in Illinois. Rent is about 4% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Maywood, up about 8.0% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Maywood rose about 35.8% between 2015 and 2024, from $898 to $1,219. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Maywood.
Buying the median-priced home in Maywood costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Maywood. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Maywood | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,384 | $149,936 | $248,835 |
| Median Household Income | $69,656 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Maywood rose about 139.2%, while median household income rose about 27.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Maywood | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 61.9% | 58.5% |
| Rental Rate | 35.5% | 30.4% | 31.2% |
| Vacancy Rate | 10.0% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Maywood has a homeownership rate of 54.5%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 10.0%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Maywood | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.12 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1941 | 1969 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Maywood was built around 1941. On average, 3.1 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maywood, Illinois.
What is the median home price in Maywood, Illinois?
The median home price in Maywood, Illinois is $187,384, higher than the Illinois average of $149,936.
What is the average home price in Maywood, Illinois?
The typical home price in Maywood, Illinois, reported as the median sale price, is $187,384. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Maywood, Illinois?
The median gross rent in Maywood, Illinois is $1,219 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Maywood in 2020?
In 2020, the median gross rent in Maywood, Illinois was $977 per month.
What is the price-to-rent ratio in Maywood, Illinois?
The price-to-rent ratio in Maywood, Illinois is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Maywood.
Are home prices or rent rising faster in Maywood, Illinois?
Both home prices and rent are rising in Maywood, up about 8.0% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Maywood, Illinois?
54.5% of households in Maywood, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in Maywood, Illinois?
The housing vacancy rate in Maywood, Illinois is 10.0%, higher than the Illinois average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →