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Arlington Heights

Learn about the people, housing, costs and businesses in Arlington Heights, Illinois

Median Home$395,555
Median Rent$1,820/month
Population74,671
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation15% arts, food & hospitality
Home Value Growth⬆⬆+17.1% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners74% of occupied units
NotableHighly Educated33% bachelor's · 20% graduate · top 5% nationally
NotableAmenity Score76/100 · highly walkable area
Arlington Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Arlington Heights?

As of today, the 30-year fixed mortgage rate for Arlington Heights is approximately 6.888% (6.894% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Arlington Heights?

The median home value in Arlington Heights is $396k. The median monthly rent is $1,820. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arlington Heights?

Home values in Arlington Heights have increased 17.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Arlington Heights?

Based on a typical all-in ownership cost of $1,854/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arlington Heights is $122k/year.

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What industries drive the economy in Arlington Heights?

The largest employment sectors in Arlington Heights are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.