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Inverness, IL

Full City Profile · Illinois · McHenry County County

4.3 /5.0
A Great
7,541 Population 1,155/sq mi density
$215,810 Median Income $94,044 per capita
$704,100 Home Value $762,450 Zillow
$3,501 Median Rent 17.0% income on rent
48°F Avg Temperature 246 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
5.0 / 5.0
$215,810 median income, 1.6% unemployment
A+
Affordability
4.8 / 5.0
$704,100 home value, $3,501/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
68.8% bachelor's degree or higher

Housing Overview

Median Home Value
$704,100
150% above
US avg: $281,900
Median Rent
$3,501/mo
201% above
US avg: $1,163/mo
Homeownership Rate
97.9%
50% above US avg (65.4%)
Total Housing Units
3,038
Median year built: 1984

Home Value by Source

Census Median
$704,100
Zillow (ZHVI)
$762,450
Median Sale Price
$874,750
Median List Price
$1,000,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

97.9%
Owner-Occupied
2.1%
Renter-Occupied
98%
2%
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: $3,501/mo

Market Indicators (Redfin)

Median Days on Market
149 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
12.5%
of listings with price reduction
Price Per Sq Ft
$224
Active Inventory
16
homes for sale

Affordability & Housing Stock

Rent Burden
17.0%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
97.9%

Complete Housing Data

Home Values

Census Median Value$704,100
Zillow Home Value (ZHVI)$762,450
Median Sale Price$874,750
Median List Price$1,000,000
Price Per Sq Ft$224

Rent

Census Median Rent$3,501
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 Market149
Sale-to-List Ratio1.0%
Price Drops12.5%
Homes Sold6
Active Inventory16
Price Per Sq Ft$224

Ownership & Stock

Owner-Occupied97.9%
Renter-Occupied2.1%
Homeownership Rate97.9%
Total Housing Units3,038
Median Year Built1984
Rent Burden17.0%