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Woodlawn

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

Median Home$144,100
Median Rent$838/month
Population606
Leading IndustriesProfessional Services · Manufacturing · Agriculture & Mining3% professional services
Home Value Growth⬆⬆⬆+23.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners87% of occupied units
NotableAffordable Market$144k median home · lower cost than 77% of the country
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 7.326% (7.342% 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 $144k. The median monthly rent is $838. Annual property taxes average $2k. 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 23.5% 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 Woodlawn?

Based on a typical all-in ownership cost of $815/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodlawn is $74k/year.

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What industries drive the economy in Woodlawn?

The largest employment sectors in Woodlawn are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.