Naperville, Illinois Housing Market Prices
Updated
Naperville 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 136% above the Illinois median$353,146
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Median rent 49% above the Illinois median$1,896
Housing Market Overview
| Metric | Naperville | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $353,146 | $149,936 | $248,835 |
| Price Trend (Annual %) | 8.8% | 2.5% | 7.5% |
| Median Gross Rent | $1,896 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Naperville is about 136% higher than in Illinois. Rent is about 49% 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 Naperville, up about 8.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Naperville rose about 44.5% between 2015 and 2024, from $1,312 to $1,896. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Naperville.
Buying the median-priced home in Naperville costs roughly 15.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Naperville. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Naperville | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $353,146 | $149,936 | $248,835 |
| Median Household Income | $151,334 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Naperville rose about 107.3%, while median household income rose about 47.9% between 2009 and 2025 — 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 | Naperville | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.9% | 61.9% | 58.5% |
| Rental Rate | 24.1% | 30.4% | 31.2% |
| Vacancy Rate | 4.0% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Naperville has a homeownership rate of 71.9%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 4.0%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Naperville | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1987 | 1969 | 1978 |
| Median Number of Rooms | 7.2 | 5.6 | 5.5 |
The typical housing unit in Naperville was built around 1987. On average, 2.7 people live in a home with about 7.2 rooms, staying for about 14.0 years on average.
Naperville, IL Housing Compared With Nearby Cities
Naperville, IL is the 2nd largest of the 5 cities compared here, 129,015 residents against a local median of 60,747. Naperville, IL's median home price, at $353,146, runs 54% above the $228,794 typical of the cities around it.
The cities themselves spread $384,734 on median home price, so Naperville, IL sits at one end of an already wide local range rather than apart from it. Naperville, IL has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Naperville, IL | 129,015 | $353,146 #2/5 | $1,896 #1/5 | 74.9% #2/5 |
| Bolingbrook, IL | 74,594 | $205,512 | $1,748 | 78.7% |
| Lisle, IL | 22,476 | $585,767 | $1,662 | 56.3% |
| Wheaton, IL | 46,899 | $201,033 | $1,795 | 71.4% |
| Aurora, IL | 168,587 | $252,075 | $1,577 | 65.7% |
Frequently Asked Questions
Common questions about the housing market in Naperville, Illinois.
What is the median home price in Naperville, Illinois?
The median home price in Naperville, Illinois is $353,146, higher than the Illinois average of $149,936.
What is the average home price in Naperville, Illinois?
The typical home price in Naperville, Illinois, reported as the median sale price, is $353,146. 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 Naperville, Illinois?
The median gross rent in Naperville, Illinois is $1,896 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Naperville in 2020?
In 2020, the median gross rent in Naperville, Illinois was $1,536 per month.
What is the price-to-rent ratio in Naperville, Illinois?
The price-to-rent ratio in Naperville, Illinois is about 15.5, meaning it would take roughly 15.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Naperville.
Are home prices or rent rising faster in Naperville, Illinois?
Both home prices and rent are rising in Naperville, up about 8.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Naperville, Illinois?
71.9% of households in Naperville, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Naperville, Illinois?
The housing vacancy rate in Naperville, Illinois is 4.0%, lower than the Illinois average of 7.7%.
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