Housing in Chicago-Naperville-Elgin Metro Area, Illinois

The median home cost in Chicago-Naperville-Elgin Metro Area is $203,657. Home appreciation the last 10 years has been 4.5%. Home Appreciation in Chicago-Naperville-Elgin Metro Area is up 2.9%. Browse Chicago-Naperville-Elgin Metro Area Real Estate

Average Age of Homes

- The median age of Chicago-Naperville-Elgin Metro Area real estate is 46 years old

The Rental Market in Chicago-Naperville-Elgin Metro Area

- Renters make up 31.5% of the Chicago-Naperville-Elgin Metro Area population
- 2.0% of houses and apartments in Chicago-Naperville-Elgin Metro Area, are available to rent

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DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

HOUSING	Chicago-Naperville-Elgin, Illinois	United States
Median Home Age	49	40
Median Home Cost	$203,657	$231,200
Home Appr. Last 12 months	2.9%	6.7%
Home Appr. Last 5 yrs.	19.4%	35.6%
Home Appr. Last 10 yrs.	4.5%	27.4%
Property Tax Rate	$22.67	$11.78
Property Taxes Paid	$4,617	$2,724
Homes Owned	58.7%	56.0%
Housing Vacant	8.9%	12.2%
Homes Rented	32.4%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$1,682	$1,470
Studio Apartment	$915	$821
1 Bedroom Home or Apartment	$1,044	$930
2 Bedroom Home or Apartment	$1,212	$1,148
3 Bedroom Home or Apartment	$1,542	$1,537
4 Bedroom Home or Apartment	$1,844	$1,791
VACANT HOUSING
Vacant For Rent	2.0%	2.1%
Vacant Rented	0.4%	0.5%
Vacant For Sale	1.1%	1.0%
Vacant Sold	0.6%	0.5%
Vacant Vacation	0.8%	4.0%
Vacant Other	4.0%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	2.2%	3.5%
$20,000 to $39,999	1.3%	3.1%
$40,000 to $59,999	1.8%	3.9%
$60,000 to $79,999	3.2%	5.4%
$80,000 to $99,999	4.6%	6.3%
$100,000 to $149,999	14.1%	14.7%
$150,000 to $199,999	16.9%	14.6%
$200,000 to $299,999	24.3%	18.7%
$300,000 to $399,999	14.0%	11.0%
$400,000 to $499,999	6.7%	6.2%
$500,000 to $749,999	6.6%	7.0%
$750,000 to $999,999	2.2%	2.7%
$1,000,000 to $1,499,999	1.2%	1.5%
$1,500,000 to $1,999,999	0.4%	0.5%
$2,000,000 and over	0.5%	0.7%