Arlington Heights, Illinois Housing Market Prices
Updated
Arlington Heights Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 60% above the Illinois median$240,337
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Median rent 33% above the Illinois median$1,691
Housing Market Overview
| Metric | Arlington Heights | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $240,337 | $149,936 | $248,835 |
| Price Trend (Annual %) | 0.6% | 2.5% | 7.5% |
| Median Gross Rent | $1,691 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Arlington Heights is about 60% higher than in Illinois. Rent is about 33% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Arlington Heights, up about 0.6% and 5.0% a year respectively. Rent is changing faster.
Median rent in Arlington Heights rose about 52.8% between 2015 and 2024, from $1,106 to $1,691. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Arlington Heights.
Buying the median-priced home in Arlington Heights costs roughly 11.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Arlington Heights. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Arlington Heights | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $240,337 | $149,936 | $248,835 |
| Median Household Income | $114,070 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Arlington Heights rose about 10.6%, while median household income rose about 48.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Arlington Heights | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.4% | 61.9% | 58.5% |
| Rental Rate | 26.9% | 30.4% | 31.2% |
| Vacancy Rate | 4.7% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Arlington Heights has a homeownership rate of 68.4%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.7%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Arlington Heights | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1974 | 1969 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Arlington Heights was built around 1974. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Arlington Heights, IL Housing Compared With Nearby Cities
Arlington Heights, IL is the largest of the 4 cities compared here, 77,229 residents against a local median of 35,608. Where Arlington Heights, IL breaks from the cities next to it is median home price, sitting 25% below the local median of $319,595 at $240,337.
The cities themselves spread $158,050 on median home price, so Arlington Heights, IL sits at one end of an already wide local range rather than apart from it. Arlington Heights, IL has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Arlington Heights, IL | 77,229 | $240,337 #3/4 | $1,691 #2/4 | 71.8% #1/4 |
| Rolling Meadows, IL | 24,014 | $319,595 | $1,703 | 69.5% |
| Palatine, IL | 58,624 | $387,637 | $1,512 | 69.9% |
| Wheeling, IL | 35,608 | $229,587 | $1,672 | 68.1% |
Frequently Asked Questions
Common questions about the housing market in Arlington Heights, Illinois.
What is the median home price in Arlington Heights, Illinois?
The median home price in Arlington Heights, Illinois is $240,337, higher than the Illinois average of $149,936.
What is the average home price in Arlington Heights, Illinois?
The typical home price in Arlington Heights, Illinois, reported as the median sale price, is $240,337. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Arlington Heights, Illinois?
The median gross rent in Arlington Heights, Illinois is $1,691 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Arlington Heights in 2020?
In 2020, the median gross rent in Arlington Heights, Illinois was $1,370 per month.
What is the price-to-rent ratio in Arlington Heights, Illinois?
The price-to-rent ratio in Arlington Heights, Illinois is about 11.8, meaning it would take roughly 11.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Arlington Heights.
Are home prices or rent rising faster in Arlington Heights, Illinois?
Both home prices and rent are rising in Arlington Heights, up about 0.6% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Arlington Heights, Illinois?
68.4% of households in Arlington Heights, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Arlington Heights, Illinois?
The housing vacancy rate in Arlington Heights, Illinois is 4.7%, lower than the Illinois average of 7.7%.
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