All Countries
Wheeling, IL
Full City Profile · Illinois · Lake County County
3.7
/5.0
B+
Good
38,495
Population
4,440/sq mi density
$83,251
Median Income
$41,463 per capita
$244,600
Home Value
$300,002 Zillow
$1,578
Median Rent
26.8% income on rent
51°F
Avg Temperature
260 sunny days/yr
74
Violent Crime/100K
1,071 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$83,251 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$244,600 home value, $1,578/mo rent
F
Safety
1.0 / 5.0
74 violent crimes/100K
A
Education
4.2 / 5.0
40.3% bachelor's degree or higher
Housing Overview
Median Home Value
$244,600
13% below
US avg: $281,900
Median Rent
$1,578/mo
36% above
US avg: $1,163/mo
Homeownership Rate
61.4%
6% below US avg (65.4%)
Total Housing Units
16,267
Median year built: 1979
Home Value by Source
Census Median
$244,600
Zillow (ZHVI)
$300,002
Median Sale Price
$322,500
Median List Price
$305,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
61.4%
Owner-Occupied
38.6%
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:
$1,578/mo
· Zillow rent:
$2,018/mo
Market Indicators (Redfin)
Median Days on Market
88 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
24
Price Drops
9.1%
of listings with price reduction
Price Per Sq Ft
$214
Active Inventory
77
homes for sale
Affordability & Housing Stock
Rent Burden
26.8%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
61.4%
Complete Housing Data
Home Values
| Census Median Value | $244,600 |
| Zillow Home Value (ZHVI) | $300,002 |
| Median Sale Price | $322,500 |
| Median List Price | $305,000 |
| Price Per Sq Ft | $214 |
Rent
| Census Median Rent | $1,578 |
| Zillow Rent (ZORI) | $2,018 |
| 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 | 88 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 9.1% |
| Homes Sold | 24 |
| Active Inventory | 77 |
| Price Per Sq Ft | $214 |
Ownership & Stock
| Owner-Occupied | 61.4% |
| Renter-Occupied | 38.6% |
| Homeownership Rate | 61.4% |
| Total Housing Units | 16,267 |
| Median Year Built | 1979 |
| Rent Burden | 26.8% |