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Elk Grove Village, IL
Full City Profile · Illinois · Lake County County
3.7
/5.0
B+
Good
32,132
Population
2,742/sq mi density
$95,216
Median Income
$46,267 per capita
$334,400
Home Value
$375,390 Zillow
$1,574
Median Rent
32.7% income on rent
51°F
Avg Temperature
260 sunny days/yr
93
Violent Crime/100K
1,396 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$95,216 median income, 2.9% unemployment
A+
Affordability
4.7 / 5.0
$334,400 home value, $1,574/mo rent
F
Safety
1.0 / 5.0
93 violent crimes/100K
A
Education
4.3 / 5.0
40.9% bachelor's degree or higher
Housing Overview
Median Home Value
$334,400
19% above
US avg: $281,900
Median Rent
$1,574/mo
35% above
US avg: $1,163/mo
Homeownership Rate
73.7%
13% above US avg (65.4%)
Total Housing Units
13,336
Median year built: 1974
Home Value by Source
Census Median
$334,400
Zillow (ZHVI)
$375,390
Median Sale Price
$351,625
Median List Price
$414,400
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.7%
Owner-Occupied
26.3%
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:
$1,574/mo
· Zillow rent:
$1,610/mo
Market Indicators (Redfin)
Median Days on Market
81 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
28
Price Drops
13.7%
of listings with price reduction
Price Per Sq Ft
$250
Active Inventory
51
homes for sale
Affordability & Housing Stock
Rent Burden
32.7%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
73.7%
Complete Housing Data
Home Values
| Census Median Value | $334,400 |
| Zillow Home Value (ZHVI) | $375,390 |
| Median Sale Price | $351,625 |
| Median List Price | $414,400 |
| Price Per Sq Ft | $250 |
Rent
| Census Median Rent | $1,574 |
| Zillow Rent (ZORI) | $1,610 |
| 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 | 81 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 13.7% |
| Homes Sold | 28 |
| Active Inventory | 51 |
| Price Per Sq Ft | $250 |
Ownership & Stock
| Owner-Occupied | 73.7% |
| Renter-Occupied | 26.3% |
| Homeownership Rate | 73.7% |
| Total Housing Units | 13,336 |
| Median Year Built | 1974 |
| Rent Burden | 32.7% |