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Buffalo Grove, IL
Full City Profile · Illinois · Lake County County
4.0
/5.0
A
Great
42,824
Population
4,475/sq mi density
$129,820
Median Income
$60,111 per capita
$392,900
Home Value
$429,066 Zillow
$2,042
Median Rent
24.1% income on rent
51°F
Avg Temperature
260 sunny days/yr
27
Violent Crime/100K
706 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$129,820 median income, 1.7% unemployment
A+
Affordability
5.0 / 5.0
$392,900 home value, $2,042/mo rent
F
Safety
1.0 / 5.0
27 violent crimes/100K
A+
Education
5.0 / 5.0
66.6% bachelor's degree or higher
Housing Overview
Median Home Value
$392,900
39% above
US avg: $281,900
Median Rent
$2,042/mo
76% above
US avg: $1,163/mo
Homeownership Rate
81.5%
25% above US avg (65.4%)
Total Housing Units
16,241
Median year built: 1981
Home Value by Source
Census Median
$392,900
Zillow (ZHVI)
$429,066
Median Sale Price
$402,000
Median List Price
$420,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.5%
Owner-Occupied
18.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$2,042/mo
· Zillow rent:
$2,181/mo
Market Indicators (Redfin)
Median Days on Market
55 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
23
Price Drops
19.2%
of listings with price reduction
Price Per Sq Ft
$227
Active Inventory
73
homes for sale
Affordability & Housing Stock
Rent Burden
24.1%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1981
Average age of housing stock: 45 years
Homeownership Rate
81.5%
Complete Housing Data
Home Values
| Census Median Value | $392,900 |
| Zillow Home Value (ZHVI) | $429,066 |
| Median Sale Price | $402,000 |
| Median List Price | $420,000 |
| Price Per Sq Ft | $227 |
Rent
| Census Median Rent | $2,042 |
| Zillow Rent (ZORI) | $2,181 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 55 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 19.2% |
| Homes Sold | 23 |
| Active Inventory | 73 |
| Price Per Sq Ft | $227 |
Ownership & Stock
| Owner-Occupied | 81.5% |
| Renter-Occupied | 18.5% |
| Homeownership Rate | 81.5% |
| Total Housing Units | 16,241 |
| Median Year Built | 1981 |
| Rent Burden | 24.1% |