Woodridge, Illinois Housing Market Prices
Updated
Woodridge 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.
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Median home price 48% above the Illinois median$221,795
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Median rent 16% above the Illinois median$1,483
Housing Market Overview
| Metric | Woodridge | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,795 | $149,936 | $248,835 |
| Price Trend (Annual %) | 1.6% | 2.5% | 7.5% |
| Median Gross Rent | $1,483 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodridge is about 48% higher than in Illinois. Rent is about 16% higher 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 Woodridge, up about 1.6% and 3.3% a year respectively. Rent is changing faster.
Median rent in Woodridge rose about 34.7% between 2015 and 2024, from $1,101 to $1,483. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Woodridge.
Buying the median-priced home in Woodridge costs roughly 12.5 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 Woodridge. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Woodridge | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,795 | $149,936 | $248,835 |
| Median Household Income | $100,684 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woodridge rose about 10.2%, while median household income rose about 39.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Woodridge | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.2% | 61.9% | 58.5% |
| Rental Rate | 27.9% | 30.4% | 31.2% |
| Vacancy Rate | 3.9% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Woodridge has a homeownership rate of 68.2%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.9%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Woodridge | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1979 | 1969 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Woodridge was built around 1979. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Woodridge, IL Housing Compared With Nearby Cities
Woodridge, IL is typical in size for this group, 32,108 residents against a local median of 37,644, so the measures below are close to a like for like comparison. The measure that sets Woodridge, IL apart most is median home price: $221,795, 49% below the local median of $438,207.
The cities themselves spread $380,255 on median home price, so Woodridge, IL sits at one end of an already wide local range rather than apart from it. Woodridge, IL has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Woodridge, IL | 32,108 | $221,795 #4/5 | $1,483 #5/5 | 71.0% #3/5 |
| Downers Grove, IL | 51,779 | $537,998 | $1,569 | 74.6% |
| Lisle, IL | 22,476 | $585,767 | $1,662 | 56.3% |
| Bolingbrook, IL | 74,594 | $205,512 | $1,748 | 78.7% |
| Westmont, IL | 23,509 | $338,417 | $1,532 | 68.0% |
Frequently Asked Questions
Common questions about the housing market in Woodridge, Illinois.
What is the median home price in Woodridge, Illinois?
The median home price in Woodridge, Illinois is $221,795, higher than the Illinois average of $149,936.
What is the average home price in Woodridge, Illinois?
The typical home price in Woodridge, Illinois, reported as the median sale price, is $221,795. 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 Woodridge, Illinois?
The median gross rent in Woodridge, Illinois is $1,483 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Woodridge in 2020?
In 2020, the median gross rent in Woodridge, Illinois was $1,346 per month.
What is the price-to-rent ratio in Woodridge, Illinois?
The price-to-rent ratio in Woodridge, Illinois is about 12.5, meaning it would take roughly 12.5 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 Woodridge.
Are home prices or rent rising faster in Woodridge, Illinois?
Both home prices and rent are rising in Woodridge, up about 1.6% and 3.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Woodridge, Illinois?
68.2% of households in Woodridge, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Woodridge, Illinois?
The housing vacancy rate in Woodridge, Illinois is 3.9%, lower than the Illinois average of 7.7%.
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