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Woodlawn

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

Median Home$261,872
Median Rent$1,240/month
Population23,932
Leading IndustriesPublic Administration · Finance & Insurance35% public administration
Home Value Growth+2.3% over 2 years
Young Adults37% of residentsslightly above average
Renters76% of occupied units
Woodlawn
IL

Frequently Asked Questions

What are today's mortgage rates in Woodlawn?

As of today, the 30-year fixed mortgage rate for Woodlawn is approximately 6.854% (6.899% 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 Woodlawn?

The median home value in Woodlawn is $262k. The median monthly rent is $1,240. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woodlawn?

Home values in Woodlawn have increased 2.3% over the past two years. The market has been relatively stable. 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 Woodlawn?

Based on a typical all-in ownership cost of $1,274/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodlawn is $42k/year.

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What industries drive the economy in Woodlawn?

The largest employment sectors in Woodlawn are public administration (35%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas