Arlington Heights, IL—60005
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Arlington Heights, IL
Home Price Trends — Arlington Heights, IL
As of Oct '25, the median home price in Arlington Heights, IL is $410,000, with a year-over-year change of 4.2%. This indicates that home prices in Arlington Heights, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $410,000 | 4.2% |
| Single Family | $535,000 | 7.0% |
| Condos | $218,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 3.5% |
2 Bed | $249,000 | 4.2% |
3 Bed | $444,000 | 6.2% |
4 Bed | $613,000 | 7.0% |
| 5 Bed | $712,000 | 6.6% |
% of Housing Stock
Rental Trends — Arlington Heights, IL
As of July '25, Rentcast reports the average rent in Arlington Heights, IL is $2,410, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Arlington Heights, IL is studios: $1,490, 1-bedrooms: $1,870, 2-bedrooms: $2,170, 3-bedrooms: $3,020, 4-bedrooms: $5,220. The most common rental property sizes in Arlington Heights, IL are 1-bedroom and 2-bedroom, accounting for 44.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,410 |
| Studio Rent | $1,300 | $1,490 |
| 1 Bed Rent | $1,760 | $1,870 |
| 2 Bed Rent | $1,950 | $2,170 |
| 3 Bed Rent | $3,000 | $3,020 |
| 4 Bed Rent | $4,000 | $5,220 |
% of Rental Stock
Property Listings — Arlington Heights, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Arlington Heights, IL is 42. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $383,000 | -6.0% |
Listing Count | 76 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 42 | 30.0% |
Demographics — Arlington Heights, IL
As of the latest ACS Survey released in 2023, Arlington Heights, IL has a population of 29,000, which has decreased by -1.8% over the past 5 years. Arlington Heights, IL is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,000 | -1.8% |
% Under 18 | 22.3% | 12.6% |
% Seniors | 17.9% | -12.7% |
% WFH | 19.6% | 276.9% |
% w/ College Degree | 57.2% | 12.6% |
As of the latest ACS Survey released in 2023, Arlington Heights, IL is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Arlington Heights, IL is hispanic, making up 14.6% of the population. Foreign-born residents account for 26.0% of the population in Arlington Heights, IL, and this percentage has increased by 18.2% 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 | 71.2% | -7.3% |
% Black | 3.1% | 24.0% |
% Hispanic | 14.6% | 36.4% |
% Asian | 8.4% | -8.7% |
% Foreign Born | 26.0% | 18.2% |
Mortgage and Risk — Arlington Heights, IL
According to HUD data as of 2023, there were 485 mortgage originations in Arlington Heights, IL, of which 95.0% 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 | 485 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Arlington Heights, IL
As of 2024, the percent of homes in Arlington Heights, IL under the Section 8 program is 9.0%. 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. In Arlington Heights, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 428 |
Total Units Section 8 | 428 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 96.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,760 | $1,670 |
| 2 Bedroom | -$60 | $1,950 | $1,890 |
| 3 Bedroom | -$570 | $3,000 | $2,430 |
| 4 Bedroom | -$1,150 | $4,000 | $2,850 |
Affordability — Arlington Heights, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $410,000 |
| Median Household Income | $100,000 |