Arlington Heights, IL 60005 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Arlington Heights, IL—60005

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$440,000

6.4% YoY Growth

Household Income

$100,000

28.4% YoY Growth

Days on Market

22

16.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,000

0.0% YoY Growth

1-Bed Rent

$1,760

3.3% YoY Growth

2-Bed Rent

$1,950

4.0% YoY Growth

3-Bed Rent

$3,000

0.3% 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 $440,000, with a year-over-year change of 6.4%. This indicates that home prices in Arlington Heights, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$440,000	6.4%
Single Family	$580,000	7.8%
Condos	$223,000	0.9%

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 $2,410, 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

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% of Rental Stock

Studio

6.2%

1 Bedroom

44.6%

2 Bedrooms

35.6%

3 Bedrooms

10.5%

4 Bedrooms

2.6%

5+ Bedrooms

0.5%

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 22. This is a increase of 16.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$475,000	-14.0%
Listing Count	77	0.0%
Listings as % of Homes	0.3%	0.0%
Days on Market	22	16.0%

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Demographics — Arlington Heights, IL

As of the latest ACS Survey released in 2023, Arlington Heights, IL has a population of 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%

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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%

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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%

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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 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