Wheeling, IL 60090 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wheeling, IL—60090

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$296,000

3.8% YoY Growth

Household Income

$83,400

26.0% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$2,200

5.8% YoY Growth

1-Bed Rent

$1,650

19.0% YoY Growth

2-Bed Rent

$2,050

4.4% YoY Growth

3-Bed Rent

$2,700

0.3% YoY Growth

Home Price Trends — Wheeling, IL

As of Dec '25, the median home price in Wheeling, IL is $296,000, with a year-over-year change of 3.8%. This indicates that home prices in Wheeling, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$296,000	3.8%
Single Family	$343,000	3.9%
Condos	$242,000	2.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wheeling, IL

As of July '25, Rentcast reports the average rent in Wheeling, IL is $2,360, with a year-over-year rent change of 5.8%. Per bedroom, the median rent as of July '25 in Wheeling, IL is studios: $1,510, 1-bedrooms: $1,750, 2-bedrooms: $2,130, 3-bedrooms: $2,870, 4-bedrooms: $3,290. The most common rental property sizes in Wheeling, IL are 2-bedroom and 1-bedroom, accounting for 46.4% and 37.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,360
Studio Rent	$1,040	$1,510
1 Bed Rent	$1,650	$1,750
2 Bed Rent	$2,050	$2,130
3 Bed Rent	$2,700	$2,870
4 Bed Rent	$3,200	$3,290

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% of Rental Stock

Studio

3.4%

1 Bedroom

37.9%

2 Bedrooms

46.4%

3 Bedrooms

11.3%

4 Bedrooms

1.0%

Property Listings — Wheeling, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Wheeling, IL is 40. This is a increase of 18.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$302,000	-5.0%
Listing Count	83	21.0%
Listings as % of Homes	0.3%	21.0%
Days on Market	50	20.0%

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Demographics — Wheeling, IL

As of the latest ACS Survey released in 2023, Wheeling, IL has a population of 38,300, which has remained stable by -0.4% over the past 5 years. Wheeling, IL is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 40.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	38,300	-0.4%
% Under 18	19.4%	-8.5%
% Seniors	16.9%	21.6%
% WFH	11.2%	300.0%
% w/ College Degree	40.5%	3.8%

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As of the latest ACS Survey released in 2023, Wheeling, IL is a predominantly white area, with 47.3% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Wheeling, IL is hispanic, making up 32.0% of the population. Foreign-born residents account for 45.0% of the population in Wheeling, IL, and this percentage has increased by 4.7% 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	47.3%	3.1%
% Black	2.4%	-22.6%
% Hispanic	32.0%	4.6%
% Asian	16.1%	-11.0%
% Foreign Born	45.0%	4.7%

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Mortgage and Risk — Wheeling, IL

According to HUD data as of 2023, there were 437 mortgage originations in Wheeling, IL, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Wheeling, IL. Investor activity is low, as 3.0% 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	437
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Wheeling, IL

As of 2024, the percent of homes in Wheeling, IL under the Section 8 program is 5.2%. 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 units appear to be good home sizes to consider for Section 8 housing in Wheeling, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	316
Total Units Section 8	301
% Rentals under Section 8	5.2%
% Occupied Section 8	92.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,650	$1,680
2 Bedroom	-$150	$2,050	$1,900
3 Bedroom	-$260	$2,700	$2,440
4 Bedroom	-$330	$3,200	$2,870

Wheeling, IL—60090

Key Metrics at a Glance

Home Price Trends — Wheeling, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wheeling, IL

% of Rental Stock

Property Listings — Wheeling, IL

Demographics — Wheeling, IL

Race and Ethnicity

Mortgage and Risk — Wheeling, IL

Mortgages

Rentals and Section 8 — Wheeling, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wheeling, IL

Home Price to Income Ratio

Wheeling, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Prospect Heights, IL

Buffalo Grove, IL

Arlington Heights, IL

Deerfield, IL

Lincolnshire, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$296,000
Median Household Income	$83,400

Wheeling, IL—60090

Key Metrics at a Glance

Home Price Trends — Wheeling, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wheeling, IL

% of Rental Stock

Property Listings — Wheeling, IL

Demographics — Wheeling, IL

Race and Ethnicity

Mortgage and Risk — Wheeling, IL

Mortgages

Rentals and Section 8 — Wheeling, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Wheeling, IL

Home Price to Income Ratio

Wheeling, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Prospect Heights, IL

Buffalo Grove, IL

Arlington Heights, IL

Deerfield, IL

Lincolnshire, IL

Frequently Asked Questions

What is the average home price in Wheeling, IL 60090?

How have home prices in Wheeling, IL 60090 changed over the past year?

What is the home price projection for Wheeling, IL 60090?

What are the demographics of Wheeling, IL 60090?

How long does it take homes to sell in Wheeling, IL 60090?

What is the average rent price in Wheeling, IL 60090?