Rolling Meadows, Illinois Real Estate & Housing Market

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Rolling Meadows Housing Information

Index	Rolling Meadows	Illinois	National
Median home price	$220,400	$174,800	$184,700
Median rent asked	$1,229	$925	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	70.5%	66.0%	63.6%
Renter occupied households	29.5%	34.0%	36.4%

A general overview of the Rolling Meadows, IL real estate market is displayed above. The median home price for homes in Rolling Meadows, IL is $220,400, which is 26% higher than the Illinois average. This means that real estate in the Rolling Meadows, IL area is generally less affordable than the rest of Illinois. The median rent price in Rolling Meadows, IL is $1,229 which is 33% higher than the Illinois average. In Rolling Meadows, IL, 70.5% 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 Rolling Meadows, IL. We make it easy to find Rolling Meadows, IL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Rolling Meadows Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Rolling Meadows, 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 Rolling Meadows, IL is $220,400 and the median household income is $65,546. This results in a home price to income ratio of 3.4x, which is 14% 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 Rolling Meadows, 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 Rolling Meadows, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Bellwood, IL	19,146	$116,000	37%
Stone Park, IL	4,936	$121,100	34%
Maywood, IL	24,029	$133,800	28%
Broadview, IL	7,915	$136,600	26%
Carpentersville, IL	38,275	$151,300	18%
Rolling Meadows, IL	23,377	$220,400	19%

Cities with similar population

City, State	Population	Home Price	National Avg.
Wright, FL	23,382	$160,900	13%
Hialeah Gardens, FL	23,351	$148,000	20%
Morton Grove, IL	23,413	$283,700	54%
Sachse, TX	23,329	$184,200	0%
Copiague, NY	23,327	$308,400	67%
Rolling Meadows, IL	23,377	$220,400	19%

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