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These days, finding an affordable place to live in the Elmhurst area can be challenging. Home prices in Elmhurst are now at a median cost of $474,831, higher than the Illinois average of $242,002.
The average cost of rent is $1,617/mo in Elmhurst, primarily driven by the current value of real estate in the Elmhurst area. While nearly 35.22% of residents own their homes outright in Elmhurst, 17.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elmhurst is $10,992 per month. Households that rent pay about 14.71% of their income on rent here. Elmhurst's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Berkeley, IL: less expensive homes
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- Westchester, IL: less expensive homes
Cities with Similar Populations
- Rio Grande, PR: less expensive homes
- Lake Mary, FL: less expensive homes
- Lake Stevens, WA: equally priced homes
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- Madison, MS: less expensive homes
- Middletown, CT: less expensive homes
- Middletown, DE: less expensive homes
- Milton, FL: less expensive homes
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