Maywood, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Maywood Neighborhoods Since 2000




Maywood, IL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Maywood Housing Market Information

With 24,012 people, 7,400 houses or apartments, and a median cost of homes of $149,569, Maywood real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Maywood, accounting for 60.94% 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 ( 20.71%), large apartment complexes or high rise apartments ( 16.63%), and a few row houses and other attached homes ( 1.72%).

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 58.61% owning and 41.39% renting.

The housing in Maywood was primarily built before 1939 ( 52.02%), 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 ( 37.03%), followed by between 1970-1999 ( 9.00%). There's also some housing in Maywood built between 2000 and later ( 1.95%).

Vacant housing appears to be an issue in Maywood. Fully 16.30% 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

Homes have actually lost value in Maywood over the last then years, as home values have seen a decline of 33.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Maywood home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Maywood that despite a nationwide downturn in the housing market, Maywood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Maywood appreciation rates continue to be some of the highest in America, at 10.11%, which is higher than appreciation rates in 94.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Maywood. Maywood appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Maywood's latest annual appreciation rate is higher than 90% 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:
$149,569

Maywood, IL HOME PRICES

Value Range
> $1,137,000 0.0
$853,001 - $1,137,000 0.0
$569,001 - $853,000 0.1
$455,001 - $569,000 0.0
$341,001 - $455,000 1.3
$227,001 - $341,000 14.6
$114,001 - $227,000 59.4
$57,001 - $114,000 19.5
$0 - $57,000 5.1

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
50.2168053439587 42.4050632911392

Number Of Homes And Apartments:
7,400

Maywood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
4.44% 0.25% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,174 / per month

Homeownership Rate

Homeownership
Owners 58.61
Renters 41.39
Vacant 16.30

Housing Market Details

 

Age of Homes

AGE OF Maywood HOMES
2000 or Newer 1.9
1970 - 1999 9.0
1940 - 1969 37.0
1939 or Older 52.0

Types of Homes

TYPE OF Maywood HOMES
Single-Family 60.9
Townhomes 1.7
Small Apt. Buildings 20.7
Apt. Complexes 16.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Maywood HOMES
No Bedroom 1.73
1 Bedroom 10.99
2 Bedrooms 28.72
3 Bedrooms 35.89
4 Bedrooms 14.58
5 or more bedrooms 8.09