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Maywood

Learn about the people, housing, costs and businesses in Maywood, Illinois

Median Home$227,267
Median Rent$1,354/month
Population23,201
Leading IndustriesFinance & Insurance · Information & Media · Education13% finance & insurance
Home Value Growth⬆⬆+19.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners60% of occupied units
NotableTransit84/100 · excellent transit access
NotableAmenity Score69/100 · highly walkable area
Maywood
IL

Frequently Asked Questions

What are today's mortgage rates in Maywood?

As of today, the 30-year fixed mortgage rate for Maywood is approximately 7.064% (7.074% 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 Maywood?

The median home value in Maywood is $227k. The median monthly rent is $1,354. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Maywood?

Home values in Maywood have increased 19.1% 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 Maywood?

Based on a typical all-in ownership cost of $1,432/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Maywood is $70k/year.

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What industries drive the economy in Maywood?

The largest employment sectors in Maywood are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.