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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.



Wood Dale, 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

Wood Dale, IL Housing Market Trends

With 13,714 people, 5,113 houses or apartments, and a median cost of homes of $360,684, Wood Dale real estate is some of the most expensive in Illinois, although Wood Dale home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Wood Dale, accounting for 51.73% of the city's housing units. Other types of housing that are prevalent in Wood Dale include large apartment complexes or high rise apartments ( 24.09%), row houses and other attached homes ( 16.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wood Dale. Owner-occupied housing accounts for 76.31% of Wood Dale's homes, and 58.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wood Dale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Wood Dale built between 1940-1969 ( 40.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.61%). There's also some housing in Wood Dale built before 1939 ( 2.03%).

Wood Dale Home Appreciation Rates

Wood Dale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wood Dale during the period has been just 4.84%, which is lower than 70% of US communities.

Over the last year, Wood Dale appreciation rates have trailed the rest of the nation. In the last twelve months, Wood Dale'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 Wood Dale were at 0.21%, which equates to an annual appreciation rate of 0.86%.

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

Average Home Values

Median Home Value

$360,684

Wood Dale, IL Home Prices
> $1,202,000
$901,001 - $1,202,000
$600,001 - $901,000
$481,001 - $600,000
$360,001 - $481,000
$240,001 - $360,000
$120,001 - $240,000
$60,001 - $120,000
$0 - $60,000
0.1%
0.1%
1.2%
1.2%
5.9%
5.9%
11.3%
11.3%
30.0%
30.0%
35.3%
35.3%
12.2%
12.2%
0.2%
0.2%
4.0%
4.0%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

5,113

Wood Dale Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,644 / per month

Homeownership Rate

Owners
Renters
76.3%
76.3%
23.7%
23.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.0%
3.0%
97.0%
97.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.6%
7.6%
49.7%
49.7%
40.7%
40.7%
2.0%
2.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.7%
51.7%
16.7%
16.7%
4.3%
4.3%
24.1%
24.1%
3.2%
3.2%
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
1.0%
1.0%
3.7%
3.7%
34.0%
34.0%
43.9%
43.9%
14.2%
14.2%
3.1%
3.1%
0% 100.0%
% of Homes