Barrington, IL—60010
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Barrington, IL
As of Nov '25, the median home price in Barrington, IL is $674,000, with a year-over-year change of 4.4%. This indicates that home prices in Barrington, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $674,000 | 4.4% |
| Single Family | $707,000 | 4.7% |
| Condos | $365,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $340,000 | 4.0% |
3 Bed | $500,000 | 4.8% |
4 Bed | $745,000 | 4.3% |
| 5 Bed | $1,060,539 | 5.1% |
% of Housing Stock
Rental Trends — Barrington, IL
As of July '25, Rentcast reports the average rent in Barrington, IL is $2,820, with a year-over-year rent change of -22.3%. Per bedroom, the median rent as of July '25 in Barrington, IL is 1-bedrooms: $2,220, 2-bedrooms: $2,620, 3-bedrooms: $3,220, 4-bedrooms: $4,270. The most common rental property sizes in Barrington, IL are 1-bedroom and 2-bedroom, accounting for 30.8% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,470 | $2,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,180 | $2,220 |
| 2 Bed Rent | $2,290 | $2,620 |
| 3 Bed Rent | $3,400 | $3,220 |
| 4 Bed Rent | $3,750 | $4,270 |
% of Rental Stock
Property Listings — Barrington, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Barrington, IL is 51. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $950,000 | 1.0% |
Listing Count | 204 | 4.0% |
| Listings as % of Homes | 1.0% | 4.0% |
Days on Market | 51 | -1.0% |
Demographics — Barrington, IL
As of the latest ACS Survey released in 2023, Barrington, IL has a population of 46,000, which has remained stable by -0.3% over the past 5 years. Barrington, IL is a popular place for families, as children make up 25.5% of the population. The area has a highly educated workforce, with 69.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,000 | -0.3% |
% Under 18 | 25.5% | 6.7% |
% Seniors | 21.9% | 9.0% |
% WFH | 25.3% | 102.4% |
% w/ College Degree | 69.9% | 7.4% |
As of the latest ACS Survey released in 2023, Barrington, IL is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Barrington, IL is asian, making up 14.3% of the population. Foreign-born residents account for 17.0% of the population in Barrington, IL, and this percentage has increased by 13.3% 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 | 77.2% | -4.7% |
% Black | 0.7% | -30.0% |
% Hispanic | 3.8% | 0.0% |
% Asian | 14.3% | 14.4% |
% Foreign Born | 17.0% | 13.3% |
Mortgage and Risk — Barrington, IL
According to HUD data as of 2023, there were 816 mortgage originations in Barrington, IL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Barrington, IL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 816 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Barrington, IL
As of 2024, the percent of homes in Barrington, IL under the Section 8 program is 7.1%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Barrington, IL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 155 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 95.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $2,180 | $2,340 |
| 2 Bedroom | $350 | $2,290 | $2,640 |
| 3 Bedroom | -$10 | $3,400 | $3,390 |
| 4 Bedroom | $230 | $3,750 | $3,980 |
Affordability — Barrington, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $674,000 |
| Median Household Income | $175,000 |