Elmhurst, Illinois Housing Market Prices
Updated
Elmhurst 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 23% below the Illinois median$114,756
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Median rent 47% above the Illinois median$1,869
Housing Market Overview
| Metric | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,756 | $149,936 | $248,835 |
| Price Trend (Annual %) | 0.1% | 2.5% | 7.5% |
| Median Gross Rent | $1,869 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elmhurst is about 23% lower than in Illinois. Rent is about 47% 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 Elmhurst, up about 0.1% and 4.1% a year respectively. Rent is changing faster.
Median rent in Elmhurst rose about 36.1% between 2015 and 2024, from $1,373 to $1,869. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Elmhurst.
Buying the median-priced home in Elmhurst costs roughly 5.1 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 Elmhurst. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,756 | $149,936 | $248,835 |
| Median Household Income | $154,874 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elmhurst fell about 52.8%, while median household income rose about 66.8% 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 | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.3% | 61.9% | 58.5% |
| Rental Rate | 17.5% | 30.4% | 31.2% |
| Vacancy Rate | 4.2% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Elmhurst has a homeownership rate of 78.3%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.2%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1966 | 1969 | 1978 |
| Median Number of Rooms | 6.8 | 5.6 | 5.5 |
The typical housing unit in Elmhurst was built around 1966. On average, 2.7 people live in a home with about 6.8 rooms, staying for about 17.0 years on average.
Elmhurst, IL Housing Compared With Nearby Cities
How Elmhurst, IL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elmhurst, IL | 44,072 | $114,756 #2/2 | $1,869 #1/2 | 81.7% #1/2 |
| Villa Park, IL | 21,774 | $340,967 | $1,428 | 74.5% |
Frequently Asked Questions
Common questions about the housing market in Elmhurst, Illinois.
What is the median home price in Elmhurst, Illinois?
The median home price in Elmhurst, Illinois is $114,756, lower than the Illinois average of $149,936.
What is the average home price in Elmhurst, Illinois?
The typical home price in Elmhurst, Illinois, reported as the median sale price, is $114,756. 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 Elmhurst, Illinois?
The median gross rent in Elmhurst, Illinois is $1,869 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Elmhurst in 2020?
In 2020, the median gross rent in Elmhurst, Illinois was $1,427 per month.
What is the price-to-rent ratio in Elmhurst, Illinois?
The price-to-rent ratio in Elmhurst, Illinois is about 5.1, meaning it would take roughly 5.1 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 Elmhurst.
Are home prices or rent rising faster in Elmhurst, Illinois?
Both home prices and rent are rising in Elmhurst, up about 0.1% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Elmhurst, Illinois?
78.3% of households in Elmhurst, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Elmhurst, Illinois?
The housing vacancy rate in Elmhurst, Illinois is 4.2%, lower than the Illinois average of 7.7%.
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