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These days, finding an affordable place to live in the Rolling Meadows area can be challenging. Home prices in Rolling Meadows are now at a median cost of $314,272, higher than the Illinois average of $300,242.
The average cost of rent is $1,702/mo in Rolling Meadows, primarily driven by the current value of real estate in the Rolling Meadows area. In Rolling Meadows, 26.12% of households rent, and 35.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rolling Meadows is $8,506 per month. Households that rent pay about 20.01% of their income on rent here. Rolling Meadows’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arlington Heights, IL: higher priced homes
- Palatine, IL: higher priced homes
- Mount Prospect, IL: higher priced homes
- Elk Grove Village, IL: equally priced homes
- Schaumburg, IL: equally priced homes
- Inverness, IL: higher priced homes
- Hoffman Estates, IL: equally priced homes
- Prospect Heights, IL: equally priced homes
- Wheeling, IL: equally priced homes
- Deer Park, IL: higher priced homes
Cities with Similar Populations
- Waverly, MI: less expensive homes
- Brainerd, MN: less expensive homes
- Brambleton, VA: higher priced homes
- Brent, FL: less expensive homes
- Brookings, SD: less expensive homes
- Burlington, KY: less expensive homes
- Byron Center, MI: higher priced homes
- Camp Lejeune, NC: less expensive homes
- Canon City, CO: equally priced homes
- Cliffside Park, NJ: higher priced homes
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