Arlington Heights, IL 60004 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Arlington Heights, IL—60004

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$506,000

7.4% YoY Growth

Household Income

$125,000

32.8% YoY Growth

Days on Market

23

8.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$2,550

0.8% YoY Growth

1-Bed Rent

$1,560

3.1% YoY Growth

2-Bed Rent

$2,150

4.9% YoY Growth

3-Bed Rent

$3,050

3.9% YoY Growth

Other Zip Codes in Arlington Heights, IL

Home Price Trends — Arlington Heights, IL

As of May '26, the median home price in Arlington Heights, IL is $506,000, with a year-over-year change of 7.4%. This indicates that home prices in Arlington Heights, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$506,000	7.4%
Single Family	$560,000	7.5%
Condos	$254,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Arlington Heights, IL

As of July '25, Rentcast reports the average rent in Arlington Heights, IL is $2,510, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Arlington Heights, IL is studios: $1,900, 1-bedrooms: $1,570, 2-bedrooms: $2,130, 3-bedrooms: $3,190, 4-bedrooms: $3,740. The most common rental property sizes in Arlington Heights, IL are 2-bedroom and 1-bedroom, accounting for 42.4% and 36.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,550	$2,510
Studio Rent	$1,900	$1,900
1 Bed Rent	$1,560	$1,570
2 Bed Rent	$2,150	$2,130
3 Bed Rent	$3,050	$3,190
4 Bed Rent	$3,500	$3,740

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% of Rental Stock

Studio

3.2%

1 Bedroom

36.9%

2 Bedrooms

42.4%

3 Bedrooms

15.8%

4 Bedrooms

1.7%

Property Listings — Arlington Heights, IL

As of May '26, Realtor.com reports that the median days on market for a home in Arlington Heights, IL is 23. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$515,000	18.0%
Listing Count	117	-13.0%
Listings as % of Homes	0.4%	-13.0%
Days on Market	23	-8.0%

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Demographics — Arlington Heights, IL

As of the latest ACS Survey released in 2023, Arlington Heights, IL has a population of 51,900, which has increased by 1.9% over the past 5 years. Arlington Heights, IL is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	51,900	1.9%
% Under 18	24.5%	7.5%
% Seniors	19.1%	3.2%
% WFH	23.1%	298.3%
% w/ College Degree	58.7%	-0.5%

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As of the latest ACS Survey released in 2023, Arlington Heights, IL is a predominantly white area, with 72.3% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Arlington Heights, IL is hispanic, making up 11.3% of the population. Foreign-born residents account for 19.2% of the population in Arlington Heights, IL, and this percentage has increased by 1.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	72.3%	-9.6%
% Black	3.4%	277.8%
% Hispanic	11.3%	43.0%
% Asian	9.8%	0.0%
% Foreign Born	19.2%	1.1%

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Mortgage and Risk — Arlington Heights, IL

According to HUD data as of 2023, there were 835 mortgage originations in Arlington Heights, IL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Arlington Heights, IL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	835
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Arlington Heights, IL

As of 2024, the percent of homes in Arlington Heights, IL under the Section 8 program is 2.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Arlington Heights, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	144
Total Units Section 8	144
% Rentals under Section 8	2.9%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$370	$1,560	$1,930
2 Bedroom	$30	$2,150	$2,180
3 Bedroom	-$250	$3,050	$2,800
4 Bedroom	-$210	$3,500	$3,290