Des Plaines, Illinois Housing Market Prices
Updated
Des Plaines 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 13% above the Illinois median$169,438
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Median rent 19% above the Illinois median$1,520
Housing Market Overview
| Metric | Des Plaines | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,438 | $149,936 | $248,835 |
| Price Trend (Annual %) | -2.5% | 2.5% | 7.5% |
| Median Gross Rent | $1,520 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Des Plaines is about 13% higher than in Illinois. Rent is about 19% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Des Plaines: home prices fell about 2.5% a year while rent rose about 5.6% a year. That is an unusual pattern worth watching.
Median rent in Des Plaines rose about 53.3% between 2015 and 2024, from $991 to $1,520. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Des Plaines.
Buying the median-priced home in Des Plaines costs roughly 9.3 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 Des Plaines. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Des Plaines | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $169,438 | $149,936 | $248,835 |
| Median Household Income | $92,817 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Des Plaines fell about 22.8%, while median household income rose about 50.6% 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 | Des Plaines | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.2% | 61.9% | 58.5% |
| Rental Rate | 25.1% | 30.4% | 31.2% |
| Vacancy Rate | 5.7% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Des Plaines has a homeownership rate of 69.2%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 5.7%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Des Plaines | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1970 | 1969 | 1978 |
| Median Number of Rooms | 5.2 | 5.6 | 5.5 |
The typical housing unit in Des Plaines was built around 1970. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 17.0 years on average.
Des Plaines, IL Housing Compared With Nearby Cities
How Des Plaines, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Des Plaines, IL | 61,932 | $169,438 #2/2 | $1,520 #2/2 | 73.4% #2/2 |
| Park Ridge, IL | 37,584 | $614,769 | $1,683 | 84.2% |
Frequently Asked Questions
Common questions about the housing market in Des Plaines, Illinois.
What is the median home price in Des Plaines, Illinois?
The median home price in Des Plaines, Illinois is $169,438, higher than the Illinois average of $149,936.
What is the average home price in Des Plaines, Illinois?
The typical home price in Des Plaines, Illinois, reported as the median sale price, is $169,438. 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 Des Plaines, Illinois?
The median gross rent in Des Plaines, Illinois is $1,520 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Des Plaines in 2020?
In 2020, the median gross rent in Des Plaines, Illinois was $1,131 per month.
What is the price-to-rent ratio in Des Plaines, Illinois?
The price-to-rent ratio in Des Plaines, Illinois is about 9.3, meaning it would take roughly 9.3 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 Des Plaines.
Are home prices or rent rising faster in Des Plaines, Illinois?
Home prices and rent are moving in opposite directions in Des Plaines: home prices fell about 2.5% a year while rent rose about 5.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Des Plaines, Illinois?
69.2% of households in Des Plaines, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Des Plaines, Illinois?
The housing vacancy rate in Des Plaines, Illinois is 5.7%, lower than the Illinois average of 7.7%.
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