Rolling Meadows, IL—60008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rolling Meadows, IL
As of Oct '25, the median home price in Rolling Meadows, IL is $323,000, with a year-over-year change of 3.9%. This indicates that home prices in Rolling Meadows, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 3.9% |
| Single Family | $371,000 | 3.9% |
| Condos | $199,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $169,000 | 4.3% |
2 Bed | $256,000 | 3.6% |
3 Bed | $352,000 | 3.8% |
4 Bed | $460,000 | 4.5% |
| 5 Bed | $575,000 | 5.7% |
% of Housing Stock
Rental Trends — Rolling Meadows, IL
As of July '25, Rentcast reports the average rent in Rolling Meadows, IL is $2,550, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Rolling Meadows, IL is studios: $1,490, 1-bedrooms: $1,600, 2-bedrooms: $2,040, 3-bedrooms: $3,230, 4-bedrooms: $3,150. The most common rental property sizes in Rolling Meadows, IL are 2-bedroom and 1-bedroom, accounting for 53.2% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,550 |
| Studio Rent | $900 | $1,490 |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,000 | $2,040 |
| 3 Bed Rent | $3,200 | $3,230 |
| 4 Bed Rent | $2,800 | $3,150 |
% of Rental Stock
Property Listings — Rolling Meadows, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Rolling Meadows, IL is 42. This is a increase of 33.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 5.0% |
Listing Count | 55 | -13.0% |
| Listings as % of Homes | 0.4% | -13.0% |
Days on Market | 42 | 33.0% |
Demographics — Rolling Meadows, IL
As of the latest ACS Survey released in 2023, Rolling Meadows, IL has a population of 22,900, which has increased by 5.1% over the past 5 years. Rolling Meadows, IL is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 38.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | 5.1% |
% Under 18 | 22.6% | -0.9% |
% Seniors | 15.3% | 4.8% |
% WFH | 12.5% | 212.5% |
% w/ College Degree | 38.6% | 8.1% |
As of the latest ACS Survey released in 2023, Rolling Meadows, IL is a predominantly white area, with 54.4% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Rolling Meadows, IL is hispanic, making up 30.5% of the population. Foreign-born residents account for 26.9% of the population in Rolling Meadows, IL, and this percentage has increased by 6.7% 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 | 54.4% | -9.9% |
% Black | 3.6% | -21.7% |
% Hispanic | 30.5% | 22.5% |
% Asian | 8.8% | 7.3% |
% Foreign Born | 26.9% | 6.7% |
Mortgage and Risk — Rolling Meadows, IL
According to HUD data as of 2023, there were 253 mortgage originations in Rolling Meadows, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Rolling Meadows, IL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 253 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Rolling Meadows, IL
As of 2024, the percent of homes in Rolling Meadows, IL under the Section 8 program is 1.8%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Rolling Meadows, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 94.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,600 | $1,730 |
| 2 Bedroom | -$50 | $2,000 | $1,950 |
| 3 Bedroom | -$700 | $3,200 | $2,500 |
| 4 Bedroom | $140 | $2,800 | $2,940 |
Affordability — Rolling Meadows, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $323,000 |
| Median Household Income | $96,200 |