Carpentersville, Illinois Housing Market Prices
Carpentersville 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 96% below the Illinois median$6,593
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Median rent 5% above the Illinois median$1,334
Housing Market Overview
| Metric | Carpentersville | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,593 | $149,936 | $248,835 |
| Price Trend (Annual %) | 0.5% | 2.5% | 7.5% |
| Median Gross Rent | $1,334 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carpentersville is about 96% lower than in Illinois. Rent is about 5% 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 Carpentersville, up about 0.5% and 4.1% a year respectively. Rent is changing faster.
Median rent in Carpentersville rose about 41.4% between 2015 and 2024, from $944 to $1,334. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Carpentersville.
Buying the median-priced home in Carpentersville costs roughly 0.4 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 Carpentersville. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Carpentersville | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,593 | $149,936 | $248,835 |
| Median Household Income | $87,936 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carpentersville fell about 93.2%, while median household income rose about 43.3% 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 | Carpentersville | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 61.9% | 58.5% |
| Rental Rate | 29.8% | 30.4% | 31.2% |
| Vacancy Rate | 3.5% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Carpentersville has a homeownership rate of 66.7%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 3.5%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Carpentersville | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.26 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1972 | 1969 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Carpentersville was built around 1972. On average, 3.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Carpentersville, Illinois.
What is the median home price in Carpentersville, Illinois?
The median home price in Carpentersville, Illinois is $6,593, lower than the Illinois average of $149,936.
What is the average home price in Carpentersville, Illinois?
The typical home price in Carpentersville, Illinois, reported as the median sale price, is $6,593. 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 Carpentersville, Illinois?
The median gross rent in Carpentersville, Illinois is $1,334 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Carpentersville in 2020?
In 2020, the median gross rent in Carpentersville, Illinois was $1,236 per month.
What is the price-to-rent ratio in Carpentersville, Illinois?
The price-to-rent ratio in Carpentersville, Illinois is about 0.4, meaning it would take roughly 0.4 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 Carpentersville.
Are home prices or rent rising faster in Carpentersville, Illinois?
Both home prices and rent are rising in Carpentersville, up about 0.5% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Carpentersville, Illinois?
66.7% of households in Carpentersville, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Carpentersville, Illinois?
The housing vacancy rate in Carpentersville, Illinois is 3.5%, lower than the Illinois average of 7.7%.
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