Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Arlington Heights area can be challenging. Home prices in Arlington Heights are now at a median cost of $321,756, higher than the Illinois average of $242,002.
The average cost of rent is $1,595/mo in Arlington Heights, primarily driven by the current value of real estate in the Arlington Heights area. While nearly 40.10% of residents own their homes outright in Arlington Heights, 34.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Arlington Heights is $8,552 per month. Households that rent pay about 18.65% of their income on rent here. Arlington Heights's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Rolling Meadows, IL: less expensive homes
- Mount Prospect, IL: less expensive homes
- Palatine, IL: less expensive homes
- Prospect Heights, IL: less expensive homes
- Wheeling, IL: less expensive homes
- Buffalo Grove, IL: higher priced homes
- Des Plaines, IL: less expensive homes
- Elk Grove Village, IL: less expensive homes
- Inverness, IL: higher priced homes
- Riverwoods, IL: higher priced homes
Cities with Similar Populations
- Durham, NC: less expensive homes
- Denver, CO: higher priced homes
- Chesapeake, VA: equally priced homes
- Chapel Hill, NC: equally priced homes
- Chicago, IL: less expensive homes
- Charlotte, NC: less expensive homes
- Albany, GA: less expensive homes
- Ann Arbor, MI: higher priced homes
- Auburn, AL: less expensive homes
- Brooklyn, NY: higher priced homes
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