Villa Park, Illinois Housing Market Prices
Updated
Villa Park 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 127% above the Illinois median$340,967
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Median rent 12% above the Illinois median$1,428
Housing Market Overview
| Metric | Villa Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $340,967 | $149,936 | $248,835 |
| Price Trend (Annual %) | 8.0% | 2.5% | 7.5% |
| Median Gross Rent | $1,428 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Villa Park is about 127% higher than in Illinois. Rent is about 12% 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 Villa Park, up about 8.0% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Villa Park rose about 35.3% between 2015 and 2024, from $1,056 to $1,428. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Villa Park.
Buying the median-priced home in Villa Park costs roughly 19.9 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 Villa Park. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Villa Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $340,967 | $149,936 | $248,835 |
| Median Household Income | $98,686 | $84,042 | $80,455 |
| Price-to-Income Ratio | 3.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Villa Park rose about 59.5%, while median household income rose about 42.3% 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 | Villa Park | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.0% | 61.9% | 58.5% |
| Rental Rate | 24.0% | 30.4% | 31.2% |
| Vacancy Rate | 6.1% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Villa Park has a homeownership rate of 70.0%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 6.1%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Villa Park | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1957 | 1969 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Villa Park was built around 1957. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Villa Park, IL Housing Compared With Nearby Cities
How Villa Park, IL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Villa Park, IL | 21,774 | $340,967 #1/3 | $1,428 #2/3 | 74.5% #2/3 |
| Elmhurst, IL | 44,072 | $114,756 | $1,869 | 81.7% |
| Addison, IL | 33,056 | $162,667 | $1,295 | 67.4% |
Frequently Asked Questions
Common questions about the housing market in Villa Park, Illinois.
What is the median home price in Villa Park, Illinois?
The median home price in Villa Park, Illinois is $340,967, higher than the Illinois average of $149,936.
What is the average home price in Villa Park, Illinois?
The typical home price in Villa Park, Illinois, reported as the median sale price, is $340,967. 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 Villa Park, Illinois?
The median gross rent in Villa Park, Illinois is $1,428 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Villa Park in 2020?
In 2020, the median gross rent in Villa Park, Illinois was $1,175 per month.
What is the price-to-rent ratio in Villa Park, Illinois?
The price-to-rent ratio in Villa Park, Illinois is about 19.9, meaning it would take roughly 19.9 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 Villa Park.
Are home prices or rent rising faster in Villa Park, Illinois?
Both home prices and rent are rising in Villa Park, up about 8.0% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Villa Park, Illinois?
70.0% of households in Villa Park, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Villa Park, Illinois?
The housing vacancy rate in Villa Park, Illinois is 6.1%, lower than the Illinois average of 7.7%.
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