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City · 6,062 residents · Will County, Illinois

Braidwood , Illinois

In Braidwood, a typical home is worth $202,500 and typical rent is $1,044 a month. Compared with all of Will County, the typical home value is 37% lower and typical rent is 29% lower.

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  • Typical home value

    $202,500

    37% below the county

    23% below Illinois

    • Braidwood
    • Will
    • Illinois

  • Typical rent

    $1,044a month

    29% below the county

    18% below Illinois

    • Braidwood
    • Will
    • Illinois

  • Typical household income

    $82,202a year

    25% below the county

    About the same as Illinois

    • Braidwood
    • Will
    • Illinois

  • Households that own their home

    87%

    4 points above the county

    20 points above Illinois

    • Braidwood
    • Will
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$287,198
4.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Braidwood is in Will County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Will County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Braidwood apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Braidwood is worth $202,500, 37% less than in Will County as a whole ($319,600).

  2. The typical rent in Braidwood is $1,044 a month, 29% less than in Will County as a whole ($1,462).

  3. The typical household income in Braidwood is $82,202, 25% less than in Will County as a whole ($109,984).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Braidwood

What homes there are in Braidwood, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Braidwood: 73% of homes, near the figure in Will County (74%).

Mobile homes are 18% of homes in Braidwood, more than in Will County (1%).

Year built

The typical year built in Braidwood is 1994, about the same as in Will County (1992).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 99% of owner-occupied homes in Braidwood sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,450 a month

Will County: $2,255 a month

Without a mortgage

$687 a month

Will County: $971 a month

Owners with a mortgage

62%

Will County: 69%

In Braidwood, 62% of owners have a mortgage, and their typical cost is $1,450 a month, against $2,255 in Will County. Without one it drops to $687.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Braidwood rose 25%; in Will County, it rose 38%.

Since 2015–2019, the typical rent in Braidwood did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBraidwoodWill CountyIllinoisUnited States
Rental vacancy Unreliable estimate3.7%5.0%5.5%
Homeowner vacancy Unreliable estimate0.5%1.0%0.9%
More than one person per room Unreliable estimate2.1%2.5%3.4%
People per household 2.342.842.462.53
Drive alone 84%73%66%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimate2%6%3%
Walk or bike Unreliable estimate1%3%3%
Work from home Unreliable estimate15%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Braidwood has 2.34 people, fewer than in Will County (2.84).

To get to work, 84% of workers in Braidwood drive alone; in Will County, 73%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Braidwood?

A typical home is within reach of the typical income

We start with a typical home in Braidwood, worth $202,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Braidwood, which is $82,202 a year.

The calculator's FHA and conventional loan limits are those of all of Will County.

Your numbers

Local data
$

Starts at the typical home value in Braidwood. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,088 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,828

at 7.18% · 30 years

Loan amount
$198,832
Total interest
$286,072
Paid off in
November 2056

Includes $3,420 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,918 a month

    Your payment · 27%

  • Tight

    $1,918 to $2,466 a month

  • Hard

    more than $2,466 a month

Compared with the typical household income in Braidwood ($82,202 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,828
Principal & interest$1,347
Property tax$307
Home insurance$84
FHA mortgage insurance (MIP)$90

You need at least $7,088 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Braidwood and Will County

Braidwood is in Will County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Braidwood's own numbers

Typical home value
$202,500
Typical monthly rent
$1,044
Typical yearly household income
$82,202
Households that own their home
87%
Effective property tax rate
1.82%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Will County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Will County.

Everything about Will County

Buying

Buying a home in Braidwood

A typical home in Braidwood is worth $202,500: 37% below the county and 23% below Illinois. With the typical household income in Braidwood ($82,202 a year), a typical home costs 2.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Braidwood 2.5 years
  • Will 2.9 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Will County

According to FHFA’s house price index, home prices in Will County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Will County.

Period County Illinois U.S.
Last year (2025) +4.6% +5.7% +2.9%
5 years (2020–2025) +53% +47% +47%
10 years (2015–2025) +79% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Braidwood next to Will County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Braidwood $202,500
  • Will $319,600
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Braidwood $1,044
  • Will $1,462
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Braidwood $82,202
  • Will $109,984
  • Illinois $83,390
  • United States $80,734
See the full table
Braidwood next to Will County and Illinois
Measure Braidwood Will County Illinois U.S.
Typical home value $202,500 $319,600 $263,300 $332,700
Typical monthly rent $1,044 $1,462 $1,274 $1,413
Typical yearly household income $82,202 $109,984 $83,390 $80,734
Households that own their home 87% 83% 67% 65%
Typical yearly property tax $3,686 $7,173 $5,298 $3,119
Effective property tax rate 1.82% 2.24% 2.01% 0.94%
Renters with high rent for their income 60% 51% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Will County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Braidwood

For a typical $202,500 home in Braidwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Braidwood's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,828a month

    Least cash to close
    Down payment
    $7,088
    Cash to close
    $13,163
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $90

  • Conventional, 5% down $1,791a month

    Down payment
    $10,125
    Cash to close
    $16,200
    Rate
    7.18%
    Mortgage insurance
    PMI · $96

  • Conventional, 20% down, no PMI $1,489a month

    Down payment
    $40,500
    Cash to close
    $46,575
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,676a month

    Down payment
    $30,375
    Cash to close
    $36,450
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Braidwood and for Will County.

Property tax

Effective rate in Braidwood

1.82%of the home’s value each year

$3,686 a year for the typical owner in Braidwood.

  • Braidwood 1.82%
  • Will 2.24%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Will County

FEMA does not publish these numbers by city: they are for all of Will County.

Homes in the high-risk zone
1.5%
3,291
Of those, with NFIP insurance
23%
County Illinois U.S.
Homes in the high-risk zone 1.5% 1.5% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Braidwood

Typical rent in Braidwood is $1,044 a month: 29% below the county. In Braidwood, 60% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Will County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Will County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Braidwood

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Braidwood is in ZIP code 60408.

For 2 bedrooms it is $1,590: $421 less than the fair market rent for Will County ($2,011).

  • 60408 $1,590$2,040

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Braidwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Braidwood

HUD lists one building with rents for lower incomes in Braidwood.

  • Braidwood Senior Housing 660 W 2nd St, Braidwood 60408 24 homes, 20 low-income · 1 bd: 24 · In service since 2006 · For older adults

See all 43 buildings in Will County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Braidwood

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Will County; 1 says it serves in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Braidwood

No down payment, repair or rent-help program on our list is for Braidwood or Will County. The ones below are statewide in Illinois: they work in Braidwood the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Braidwood

The HUD-approved agencies closest to the center of Braidwood, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Will County Center for Community Concerns

    2455 Glenwood Ave, Joliet · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (815) 722-0722

  • The Neighbor Project

    32 S Broadway, Aurora · 34 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (630) 906-9400

  • Mid Central Community Action of Pontiac

    320 W Madison St, Pontiac · 34 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (815) 844-8812

Every agency in Will County All counseling agencies in Illinois

Help in Spanish near Braidwood

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Braidwood

In HUD’s record, no housing authority with an office in Will County is named for Braidwood or Will County.

One other authority has an office in Will County: see the list Source: HUD

Cities

Other cities in Will County

These cities are also in Will County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Will County Housing in Illinois
See 5 more cities in Will County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Braidwood, with the typical home value.

Neighboring counties

If Will County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Braidwood.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Braidwood

Short answers with the numbers for Braidwood and all of Will County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Braidwood?

The typical home value in Braidwood is $202,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Will County it is $319,600.

How much does it cost to rent in Braidwood?

Typical rent in Braidwood is $1,044 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Will County is $2,011.

What is the FHA loan limit in Braidwood?

Braidwood uses the FHA limit for all of Will County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Braidwood?

The typical homeowner in Braidwood pays $3,686 a year, according to the U.S. Census Bureau. That is 1.82% of the home’s value; in Will County, the rate is 2.24%.

Where can I find free help to buy or rent in Braidwood?

There is 1 HUD-approved counseling agency with an office in Will County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).