In Lynwood, a typical home is worth $218,000 and typical rent is $1,368 a month. Compared with all of Cook County, the typical home value is 33% lower and the share of households that own their home is 17 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $224,602 to $278,835.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lynwood is in Cook 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 Cook County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Sauk Village, the typical home value is $110,800: 49% less than in Lynwood ($218,000).
2
75% of households in Lynwood own their home, against 58% in Cook County.
3
The typical home in Lynwood is worth $218,000,33% less than in Cook County as a whole ($324,500).
4
Nearby, in Chicago Heights, the typical rent is $1,038: 24% less than in Lynwood ($1,368).
5
According to Zillow, in the 12 months to September 2026 the typical home value in Lynwood rose 2.3%; in Illinois, it rose 5.3%.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Lynwood
What homes there are in Lynwood, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lynwood
Cook County
Illinois
United States
Kind of home: Lynwood and its comparisons
Measure
Lynwood
Cook County
Illinois
United States
Detached house
54%
40%
58%
61%
Attached house
Unreliable estimate
6%
6%
6%
Building of 2 to 4
Unreliable estimate
19%
12%
8%
Apartments (5 or more)
Unreliable estimate
35%
22%
19%
Mobile home
23%
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Lynwood, 5 in 10 homes are single-family detached houses; in Cook County, 4.
Mobile homes are 23% of homes in Lynwood, more than in Cook County (1%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lynwood
Cook County
Illinois
United States
Year built: Lynwood and its comparisons
Measure
Lynwood
Cook County
Illinois
United States
Before 1960
Unreliable estimate
49%
38%
26%
1960–1979
17%
25%
26%
24%
1980–1999
32%
14%
20%
25%
2000–2009
26%
8%
11%
14%
2010 or later
Unreliable estimate
5%
6%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitCould be either sideUnreliable estimate
Under $100K25%
$100K–$200K21%
$200K–$300K23%
$300K–$500K30%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lynwood and its comparisons
Measure
Lynwood
Under $100K
25%
$100K–$200K
21%
$200K–$300K
23%
$300K–$500K
30%
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
At least 99% of owner-occupied homes in Lynwood are worth less than $500,000, below the FHA loan limit for Cook County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lynwood and its comparisons
Measure
Lynwood
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$2,117 a month
Cook County: $2,270 a month
Without a mortgage
$881 a month
Cook County: $910 a month
Owners with a mortgage
68%
Cook County: 62%
Owning costs less in Lynwood: with a mortgage, the typical cost is $2,117 a month; in Cook County, $2,270. Without one, $881.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lynwood+45%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Lynwood+50%
Cook County+28%
Illinois+26%
United States+33%
Typical household income
LynwoodNo clear change
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Lynwood and its comparisons
Measure
Lynwood
Cook County
Illinois
United States
Typical home value
+45%
+32%
+35%
+53%
Typical rent
+50%
+28%
+26%
+33%
Typical household income
No clear change
+29%
+27%
+29%
Since 2015–2019, homes in Lynwood gained value faster than in Cook County: 45% against 32%.
Since 2015–2019, the typical rent in Lynwood rose 50%, more than in Cook County (28%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lynwood and its comparisons
Measure
Lynwood
Cook County
Illinois
United States
Rental vacancy
Unreliable estimate
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
Unreliable estimate
3.3%
2.5%
3.4%
People per household
2.68
2.43
2.46
2.53
Drive alone
70%
55%
66%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
12%
6%
3%
Walk or bike
Unreliable estimate
5%
3%
3%
Work from home
Unreliable estimate
19%
16%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Lynwood has 2.68 people, more than in Cook County (2.43).
To get to work, 70% of workers in Lynwood drive alone; in Cook County, 55%.
Do the math
What would you pay each month for a home in Lynwood?
A typical home is tight for the typical income
We start with a typical home in Lynwood, worth $218,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Lynwood, which is $85,237 a year. For that payment to be 28% of income, a household would need to earn about $95,085 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lynwood. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,630 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,219
at 7.18% · 30 years
Loan amount
$214,051
Total interest
$307,970
Paid off in
November 2056
Includes $3,681 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,989 a month
Tight
$1,989 to $2,557 a month
Your payment · 31%
Hard
more than $2,557 a month
Compared with the typical household income in Lynwood ($85,237 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,450
Property tax
$581
Home insurance
$91
FHA mortgage insurance (MIP)
$96
You need at least $7,630 for the down payment, plus closing costs.
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.
Total monthly payment $2,219; principal and interest $1,450.
The city and its county
Lynwood and Cook County
Lynwood is in Cook 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).
Lynwood
Map of Cook County, Illinois, with Lynwood marked. Around it, the neighboring counties.
Lynwood
Cook County
Other cities with a page
Lynwood's own numbers
Typical home value
$218,000
Typical monthly rent
$1,368
Typical yearly household income
$85,237
Households that own their home
75%
Effective property tax rate
3.2%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cook 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)
+42%
Homes in a high flood-risk zone
1%
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 Cook County.
A typical home in Lynwood is worth $218,000: 33% below the county and 17% below Illinois. With the typical household income in Lynwood ($85,237 a year), a typical home costs 2.6 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.
Lynwood2.6 years
Cook3.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cook County
According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cook County.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.5%
+5.7%
+2.9%
5 years (2020–2025)
+42%
+47%
+47%
10 years (2015–2025)
+61%
+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
Lynwood next to Cook 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
Lynwood$218,000
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Lynwood$1,368
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Lynwood$85,237
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Lynwood next to Cook County and Illinois
Measure
Lynwood
Cook County
Illinois
U.S.
Typical home value
$218,000 ▼33% below the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,368 ▼5% below the county
$1,435
$1,274
$1,413
Typical yearly household income
$85,237 ▲2% above the county
$83,498
$83,390
$80,734
Households that own their home
75% ▲17 points above the county
58%
67%
65%
Typical yearly property tax
$6,966 ▲13% above the county
$6,191
$5,298
$3,119
Effective property tax rate
3.2% ▲1.29 points above the county
1.91%
2.01%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook 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 Lynwood
For a typical $218,000 home in Lynwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lynwood's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,219a month
Least cash to close
Down payment
$7,630
Cash to close
$14,170
Rate
7.18%
Mortgage insurance
FHA MIP · $96
Conventional, 5% down$2,179a month
Down payment
$10,900
Cash to close
$17,440
Rate
7.18%
Mortgage insurance
PMI · $104
Conventional, 20% down, no PMI$1,854a month
Down payment
$43,600
Cash to close
$50,140
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,055a month
Down payment
$32,700
Cash to close
$39,240
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lynwood
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,219
$7,630
$214,051
7.18%
FHA MIP · $96
$14,170
580
Conventional, 5% down
$2,179
$10,900
$207,100
7.18%
PMI · $104
$17,440
620*
Conventional, 20% down, no PMI
$1,854
$43,600
$174,400
7.18%
None
$50,140
620*
ITIN, 15% down (example)
$2,055
$32,700
$185,300
8.18%
None
$39,240
Set by the lender
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.
Typical rent in Lynwood is $1,368 a month: 5% below the county.
HUD publishes a fair market rent for all of Cook 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Cook County (Fiscal year 2027)
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 Lynwood
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lynwood is in ZIP code 60411.
For 2 bedrooms it is $1,690: $321 less than the fair market rent for Cook County ($2,011).
Fair market rent by ZIP code and size in Lynwood, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
60411
$1,410
$1,500
$1,690
$2,170
$2,480
ZIP code2 bd3 bd
60411 $1,690$2,170
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lynwood 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Lynwood or Cook County. The ones below are statewide in Illinois: they work in Lynwood the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Lynwood or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lynwood and all of Cook 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 Lynwood?
The typical home value in Lynwood is $218,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.
How much does it cost to rent in Lynwood?
Typical rent in Lynwood is $1,368 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.
What is the FHA loan limit in Lynwood?
Lynwood uses the FHA limit for all of Cook 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 Lynwood?
The typical homeowner in Lynwood pays $6,966 a year, according to the U.S. Census Bureau. That is 3.2% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Lynwood?
There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
