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Riverwoods Housing Information

IndexRiverwoodsIllinoisNational
Median home price$685,200$174,800$184,700
Median rent asked$2,306$925$949
Avg. people per household2.62.62.6
Owner occupied households95.0%66.0%63.6%
Renter occupied households5.0%34.0%36.4%
A general overview of the Riverwoods, IL real estate market is displayed above. The median home price for homes in Riverwoods, IL is $685,200, which is 292% higher than the Illinois average. This means that real estate in the Riverwoods, IL area is generally less affordable than the rest of Illinois. The median rent price in Riverwoods, IL is $2,306 which is 149% higher than the Illinois average. In Riverwoods, IL, 95.0% of people are home owners and an average of 2.6 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Riverwoods, IL. We make it easy to find Riverwoods, IL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Riverwoods Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Riverwoods, IL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Riverwoods, IL is $685,200 and the median household income is $187,857. This results in a home price to income ratio of 3.6x, which is 24% higher than the Illinois average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Riverwoods, IL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Riverwoods, IL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Park City, IL7,402$27,90085%
North Chicago, IL30,023$106,50042%
Waukegan, IL88,159$118,60036%
Round Lake Park, IL7,989$120,00035%
Round Lake Beach, IL27,936$125,40032%
Riverwoods, IL3,759$685,200271%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Brooktrails, CA3,759$226,90023%
Carrollton, MO3,759$67,00064%
Sunset Beach, NC3,762$264,50043%
Kiel, WI3,756$118,80036%
Swanton, OH3,755$127,60031%
Riverwoods, IL3,759$685,200271%

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