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 | Kendall County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,996 | $162,405 | $242,182 |
| Price Trend (Annual %) | 7.5% | 3.9% | 8.2% |
| Median Gross Rent | $1,762 | $1,226 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kendall County is about 37% higher than in Illinois. Rent is about 44% 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 Kendall County, up about 7.5% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Kendall County rose about 35.2% between 2015 and 2023, from $1,303 to $1,762. Over the same span, rent in Illinois rose about 35.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Kendall County.
Buying the median-priced home in Kendall County costs roughly 10.5 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 Kendall County. The price-to-rent ratio in Illinois is about 11.0.
| Metric | Kendall County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $221,996 | $162,405 | $242,182 |
| Median Household Income | $109,546 | $82,179 | $78,145 |
| Price-to-Income Ratio | 2.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kendall County rose about 89.7%, while median household income rose about 37.8% 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 | Kendall County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 81.9% | 61.4% | 58.2% |
| Rental Rate | 15.4% | 30.5% | 31.3% |
| Vacancy Rate | 2.7% | 8.1% | 10.6% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Kendall County has a homeownership rate of 81.9%, higher than the Illinois average of 61.4%. Its housing vacancy rate is 2.7%, compared with 8.1% in Illinois.
Housing Stock
| Metric | Kendall County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.48 people | 2.54 people |
| Median Structure Built Year | 1995 | 1968 | 1978 |
| Median Number of Rooms | 6.8 | 5.6 | 5.5 |
The typical housing unit in Kendall County was built around 1995. On average, 3.0 people live in a home with about 6.8 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kendall County, Illinois.
What is the median home price in Kendall County, Illinois?
The median home price in Kendall County, Illinois is $221,996, higher than the Illinois average of $162,405.
What is the average home price in Kendall 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 Kendall County, Illinois?
The median gross rent in Kendall County, Illinois is $1,762 per month, higher than the Illinois average of $1,226.
What was the median gross rent in Kendall County in 2020?
In 2020, the median gross rent in Kendall County, Illinois was $1,486 per month.
What is the price-to-rent ratio in Kendall County, Illinois?
The price-to-rent ratio in Kendall County, Illinois is about 10.5, meaning it would take roughly 10.5 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 Kendall County.
Are home prices or rent rising faster in Kendall County, Illinois?
Both home prices and rent are rising in Kendall County, up about 7.5% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kendall County, Illinois?
81.9% of households in Kendall County, Illinois own their home, higher than the Illinois average of 61.4%.
What is the vacancy rate in Kendall County, Illinois?
The housing vacancy rate in Kendall County, Illinois is 2.7%, lower than the Illinois average of 8.1%.