Chicago-Naperville-Elgin Metro Area, IL Housing

The Chicago-Naperville-Elgin, IL Metro Area is a great place to invest in real estate with its median value of $286,200 which is lower than the US house median value of $338,100. Additionally, the 1 year house appreciation rate in this area is 9.91%, which is greater than the US average of 8.27%. This makes it an attractive opportunity for investors looking to benefit from an increasing housing market. With plenty of affordable properties available and excellent potential returns, it's a great place to purchase a home or investment property.

The median home cost in Chicago-Naperville-Elgin Metro Area is $286,200. Home appreciation the last 10 years has been 63.7%. Home Appreciation in Chicago-Naperville-Elgin Metro Area is up 12.7%.

Average Age of Homes

- The median age of Chicago-Naperville-Elgin Metro Area real estate is 49 years old

The Rental Market in Chicago-Naperville-Elgin Metro Area

- Renters make up 31.5% of the Chicago-Naperville-Elgin Metro Area population
- 1.9% of houses and apartments in Chicago-Naperville-Elgin Metro Area, are available to rent

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Chicago-Naperville-Elgin, Illinois	United States
	3,926,750.0	139,647,020.0
	52	42
	$286,200	$338,100
	12.7%	16.6%
	36.8%	57.0%
	63.7%	101.1%
	$21.80	$10.98
	$5,734	$2,690
	60.0%	57.4%
	7.8%	11.2%
	32.2%	31.4%
Vacant Housing
	1.9%	1.9%
	0.3%	0.4%
	0.8%	0.7%
	0.4%	0.4%
	0.7%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.1%	2.4%
	1.2%	2.8%
	1.9%	3.9%
	2.8%	4.5%
	10.2%	11.3%
	15.1%	13.0%
	26.7%	20.1%
	17.5%	13.6%
	8.5%	8.3%
	8.2%	9.7%
	2.7%	3.9%
	1.4%	2.2%
	0.5%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.4%	13.6%
	11.4%	13.6%
	11.2%	13.6%
	9.1%	13.2%
	14.1%	14.8%
	11.2%	13.6%
	12.7%	10.0%
	5.9%	4.7%
	20.5%	12.2%

Reviews for Chicago-Naperville-Elgin

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Oona · Boulder, CO

The best city in America

Over 4 years ago

The best metro area in the US. One of the only cities that boast both a strong economy and an affordable cost of living, barely breaking national averages despite being More

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Peckok ·

Best

Over 4 years ago

Best city I visited. A small community is right for More

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James · Hampshire, IL

Why would anyone live here!

Over 5 years ago

So disgusting and one of the worst places in America. Most moved from location in all the United States. You can get homes in Tennessee and Wisconsin on a lake or 5 More