Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | DuPage County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $412,039 | $162,405 | $242,182 |
| Price Trend (Annual %) | 9.7% | 3.9% | 8.2% |
| Median Gross Rent | $1,627 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in DuPage County is about 154% higher than in Illinois. Rent is about 33% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in DuPage County, up about 9.7% and 4.7% a year respectively. Home prices are changing faster.
Median rent in DuPage County rose about 42.5% between 2015 and 2023, from $1,142 to $1,627. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in DuPage County.
Buying the median-priced home in DuPage County costs roughly 21.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in DuPage County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | DuPage County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $412,039 | $162,405 | $242,182 |
| Median Household Income | $110,225 | $82,179 | $78,145 |
| Price-to-Income Ratio | 3.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in DuPage County rose about 119.3%, while median household income rose about 44.1% between 2009 and 2023 — 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 | DuPage County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.8% | 61.4% | 58.2% |
| Rental Rate | 25.7% | 30.5% | 31.3% |
| Vacancy Rate | 4.5% | 8.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
DuPage County has a homeownership rate of 69.8%, higher than the Illinois average of 61.4%. Its housing vacancy rate is 4.5%, compared with 8.1% in Illinois.
Housing Stock
| Metric | DuPage County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1976 | 1968 | 1978 |
| Median Number of Rooms | 6.1 | 5.6 | 5.5 |
The typical housing unit in DuPage County was built around 1976. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in DuPage County, Illinois.
What is the median home price in DuPage County, Illinois?
The median home price in DuPage County, Illinois is $412,039, higher than the Illinois average of $162,405.
What is the average home price in DuPage County, Illinois?
The typical home price in %s, reported as the median sale price, is %s. 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 DuPage County, Illinois?
The median gross rent in DuPage County, Illinois is $1,627 per month, higher than the Illinois average of $1,226.
What was the median gross rent in DuPage County in 2020?
In 2020, the median gross rent in DuPage County, Illinois was $1,364 per month.
What is the price-to-rent ratio in DuPage County, Illinois?
The price-to-rent ratio in DuPage County, Illinois is about 21.1, meaning it would take roughly 21.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in DuPage County.
Are home prices or rent rising faster in DuPage County, Illinois?
Both home prices and rent are rising in DuPage County, up about 9.7% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in DuPage County, Illinois?
69.8% of households in DuPage County, Illinois own their home, higher than the Illinois average of 61.4%.
What is the vacancy rate in DuPage County, Illinois?
The housing vacancy rate in DuPage County, Illinois is 4.5%, lower than the Illinois average of 8.1%.