Carol Stream, Illinois Housing Market Prices
Updated
Carol Stream 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 121% above the Illinois median$330,874
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Median rent 26% above the Illinois median$1,604
Housing Market Overview
| Metric | Carol Stream | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $330,874 | $149,936 | $248,835 |
| Price Trend (Annual %) | 42.8% | 2.5% | 7.5% |
| Median Gross Rent | $1,604 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carol Stream is about 121% higher than in Illinois. Rent is about 26% 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 Carol Stream, up about 42.8% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Carol Stream rose about 45.8% between 2015 and 2024, from $1,100 to $1,604. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Carol Stream.
Buying the median-priced home in Carol Stream costs roughly 17.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Carol Stream. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Carol Stream | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $330,874 | $149,936 | $248,835 |
| Median Household Income | $103,218 | $84,042 | $80,455 |
| Price-to-Income Ratio | 3.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carol Stream rose about 591.9%, while median household income rose about 30.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Carol Stream | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.3% | 61.9% | 58.5% |
| Rental Rate | 27.8% | 30.4% | 31.2% |
| Vacancy Rate | 4.0% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Carol Stream has a homeownership rate of 68.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.0%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Carol Stream | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1983 | 1969 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Carol Stream was built around 1983. On average, 2.7 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Carol Stream, IL Housing Compared With Nearby Cities
How Carol Stream, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carol Stream, IL | 37,373 | $330,874 #1/2 | $1,604 #2/2 | 71.1% #2/2 |
| Wheaton, IL | 46,899 | $201,033 | $1,795 | 71.4% |
Frequently Asked Questions
Common questions about the housing market in Carol Stream, Illinois.
What is the median home price in Carol Stream, Illinois?
The median home price in Carol Stream, Illinois is $330,874, higher than the Illinois average of $149,936.
What is the average home price in Carol Stream, Illinois?
The typical home price in Carol Stream, Illinois, reported as the median sale price, is $330,874. 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 Carol Stream, Illinois?
The median gross rent in Carol Stream, Illinois is $1,604 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Carol Stream in 2020?
In 2020, the median gross rent in Carol Stream, Illinois was $1,343 per month.
What is the price-to-rent ratio in Carol Stream, Illinois?
The price-to-rent ratio in Carol Stream, Illinois is about 17.2, meaning it would take roughly 17.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Carol Stream.
Are home prices or rent rising faster in Carol Stream, Illinois?
Both home prices and rent are rising in Carol Stream, up about 42.8% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carol Stream, Illinois?
68.3% of households in Carol Stream, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Carol Stream, Illinois?
The housing vacancy rate in Carol Stream, Illinois is 4.0%, lower than the Illinois average of 7.7%.
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