menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Maywood, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Maywood, IL Housing Market Trends

With a population of 22,932, 7,672 total housing units (homes and apartments), and a median house value of $232,941, house prices in Maywood are solidly below the national average.

Single-family detached homes are the single most common housing type in Maywood, accounting for 66.69% of the village's housing units. Other types of housing that are prevalent in Maywood include duplexes, homes converted to apartments or other small apartment buildings ( 19.44%), large apartment complexes or high rise apartments ( 13.02%).

The most prevalent building size and type in Maywood are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.97% owning and 38.03% renting.

The housing in Maywood was primarily built before 1939 ( 57.27%), making the housing stock in Maywood some of the oldest overall in America, although there is a range of ages of homes in Maywood. The next most important housing age is between 1940-1969 ( 30.27%), followed by between 1970-1999 ( 11.19%). There's also some housing in Maywood built between 2000 and later ( 1.27%).

Vacant housing appears to be an issue in Maywood. Fully 13.00% of the housing stock is classified as vacant. Left unchecked, vacant Maywood homes and apartments can be a drag on the real estate market, holding Maywood real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Maywood Home Appreciation Rates

Appreciation rates for homes in Maywood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.21%, which ranks in the top 30% nationwide. This equates to an annual average Maywood house appreciation rate of 7.30%.

Over the last year, Maywood appreciation rates have trailed the rest of the nation. In the last twelve months, Maywood's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Maywood were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Maywood's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Maywood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maywood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Maywood real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$232,941

Maywood, IL Home Prices
> $1,277,000
$958,001 - $1,277,000
$639,001 - $958,000
$511,001 - $639,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
0.7%
0.7%
0.0%
0.0%
0.0%
0.0%
0.1%
0.1%
9.0%
9.0%
37.4%
37.4%
43.8%
43.8%
5.6%
5.6%
3.4%
3.4%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

7,672

Maywood Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,830 / per month

Homeownership Rate

Owners
Renters
62.0%
62.0%
38.0%
38.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.0%
13.0%
87.0%
87.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.3%
1.3%
11.2%
11.2%
30.3%
30.3%
57.3%
57.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.7%
66.7%
0.7%
0.7%
19.4%
19.4%
13.0%
13.0%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
9.8%
9.8%
32.6%
32.6%
37.4%
37.4%
13.2%
13.2%
5.3%
5.3%
0% 100.0%
% of Homes