Elmhurst, IL—60126
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmhurst, IL
As of Oct '25, the median home price in Elmhurst, IL is $582,000, with a year-over-year change of 5.2%. This indicates that home prices in Elmhurst, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $582,000 | 5.2% |
| Single Family | $610,000 | 5.7% |
| Condos | $293,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $176,000 | -0.6% |
2 Bed | $362,000 | 6.2% |
3 Bed | $509,000 | 6.0% |
4 Bed | $832,000 | 5.7% |
| 5 Bed | $1,258,000 | 5.7% |
% of Housing Stock
Rental Trends — Elmhurst, IL
As of July '25, Rentcast reports the average rent in Elmhurst, IL is $2,660, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in Elmhurst, IL is studios: $1,560, 1-bedrooms: $1,700, 2-bedrooms: $2,630, 3-bedrooms: $3,340, 4-bedrooms: $4,390. The most common rental property sizes in Elmhurst, IL are 1-bedroom and 2-bedroom, accounting for 41.6% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,660 |
| Studio Rent | $1,330 | $1,560 |
| 1 Bed Rent | $1,600 | $1,700 |
| 2 Bed Rent | $2,500 | $2,630 |
| 3 Bed Rent | $3,000 | $3,340 |
| 4 Bed Rent | $4,500 | $4,390 |
% of Rental Stock
Property Listings — Elmhurst, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmhurst, IL is 30. This is a increase of 6.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $772,000 | 15.0% |
Listing Count | 134 | -4.0% |
| Listings as % of Homes | 0.7% | -4.0% |
Days on Market | 30 | 6.0% |
Demographics — Elmhurst, IL
As of the latest ACS Survey released in 2023, Elmhurst, IL has a population of 47,800, which has decreased by -1.3% over the past 5 years. Elmhurst, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,800 | -1.3% |
% Under 18 | 24.2% | -8.0% |
% Seniors | 18.8% | 25.3% |
% WFH | 23.6% | 223.3% |
% w/ College Degree | 61.9% | 4.0% |
As of the latest ACS Survey released in 2023, Elmhurst, IL is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Elmhurst, IL is hispanic, making up 10.3% of the population. Foreign-born residents account for 10.5% of the population in Elmhurst, IL, and this percentage has increased by 11.7% 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 | 77.3% | -6.2% |
% Black | 1.8% | 28.6% |
% Hispanic | 10.3% | 24.1% |
% Asian | 6.8% | 9.7% |
% Foreign Born | 10.5% | 11.7% |
Mortgage and Risk — Elmhurst, IL
According to HUD data as of 2023, there were 721 mortgage originations in Elmhurst, IL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Elmhurst, IL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 721 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Elmhurst, IL
As of 2024, the percent of homes in Elmhurst, IL under the Section 8 program is 5.5%. 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 Elmhurst, 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 | 192 |
Total Units Section 8 | 192 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,600 | $2,050 |
| 2 Bedroom | -$190 | $2,500 | $2,310 |
| 3 Bedroom | -$30 | $3,000 | $2,970 |
| 4 Bedroom | -$1,010 | $4,500 | $3,490 |
Affordability — Elmhurst, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $582,000 |
| Median Household Income | $143,000 |