Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elk Grove Village area can be challenging. Home prices in Elk Grove Village are now at a median cost of $208,784, lower than the Illinois average of $242,002.
The average cost of rent is $1,431/mo in Elk Grove Village, primarily driven by the current value of real estate in the Elk Grove Village area. While nearly 46.44% of residents own their homes outright in Elk Grove Village, 44.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elk Grove Village is $6,799 per month. Households that rent pay about 21.05% of their income on rent here. Elk Grove Village's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Itasca, IL: higher priced homes
- Medinah, IL: higher priced homes
- Wood Dale, IL: higher priced homes
- Roselle, IL: higher priced homes
- Schaumburg, IL: higher priced homes
- Rolling Meadows, IL: higher priced homes
- Addison, IL: higher priced homes
- Bensenville, IL: higher priced homes
- Mount Prospect, IL: higher priced homes
- Bloomingdale, IL: higher priced homes
Cities with Similar Populations
- Mcminnville, OR: higher priced homes
- Norwich, CT: less expensive homes
- North Bay Village, FL: higher priced homes
- Newburgh, IN: equally priced homes
- New Lenox, IL: higher priced homes
- Mount Airy, NC: less expensive homes
- Montgomery Village, MD: higher priced homes
- Mission Bend, TX: less expensive homes
- Miamisburg, OH: less expensive homes
- Oak Creek, WI: higher priced homes
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