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Arlington Heights Housing Information

IndexArlington HeightsIllinoisNational
Median home price$322,400$174,800$184,700
Median rent asked$1,213$925$949
Avg. people per household2.32.62.6
Owner occupied households75.3%66.0%63.6%
Renter occupied households24.7%34.0%36.4%
Above, you'll find an overview of the real estate market in Arlington Heights, IL. Generally, real estate in the Arlington Heights, IL area is less affordable in Illinois, as the median price of a home in Arlington Heights, IL is $322,400, which is 84% higher than the Illinois average. The median rental price in Arlington Heights, IL is $1,213. This is 31% higher than the average rental price in Illinois. Home owners comprise 75.3% of the population of Arlington Heights, IL, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Arlington Heights, IL. Below, you can search for real estate listings in Arlington Heights, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Arlington Heights Home Affordability

When searching for real estate in Arlington Heights, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Arlington Heights, IL, the median house price is $322,400, while the median income for households in the area is $79,979. Therefore, the ratio of house price to income is 4.0x; this ratio is 37% higher than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Arlington Heights, IL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Bellwood, IL19,146$116,00037%
Stone Park, IL4,936$121,10034%
Maywood, IL24,029$133,80028%
Holiday Hills, IL698$146,40021%
Island Lake, IL8,025$154,90016%
Arlington Heights, IL75,721$322,40075%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Albany, GA75,657$99,60046%
Auburn, WA75,607$241,80031%
Upland, CA75,851$444,200140%
Kalamazoo, MI75,885$96,60048%
Evanston, IL75,472$356,60093%
Arlington Heights, IL75,721$322,40075%

Source: The Arlington Heights, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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