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Hawthorn Woods

Learn about the people, housing, costs and businesses in Hawthorn Woods, Illinois

Median Home$556,992
Median Rent$1,879/month
Population8,841
Leading IndustriesArts, Food & Hospitality · Education · Healthcare12% arts, food & hospitality
Home Value Growth⬆⬆⬆+22.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners96% of occupied units
NotableHigh Incomes$192k/year · top 1% nationally
NotableHighly Educated36% bachelor's · 27% graduate · top 3% nationally
Hawthorn Woods
IL

Frequently Asked Questions

What are today's mortgage rates in Hawthorn Woods?

As of today, the 30-year fixed mortgage rate for Hawthorn Woods is approximately 6.818% (6.822% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hawthorn Woods?

The median home value in Hawthorn Woods is $557k. The median monthly rent is $1,879. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hawthorn Woods?

Home values in Hawthorn Woods have increased 22.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hawthorn Woods?

Based on a typical all-in ownership cost of $2,973/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $127k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hawthorn Woods is $192k/year.

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What industries drive the economy in Hawthorn Woods?

The largest employment sectors in Hawthorn Woods are public administration (20%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.