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Barrington Hills

Learn about the people, housing, costs and businesses in Barrington Hills, Illinois

Median Home$628,254
Median Rent$2,955/month
Population4,108
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services15% arts, food & hospitality
Home Value Growth⬆⬆+20.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners83% of occupied units
NotableHighly Educated37% bachelor's · 16% graduate · top 2% nationally
NotableHigh Incomes$144k/year · top 4% nationally
Barrington Hills
IL

Frequently Asked Questions

What are today's mortgage rates in Barrington Hills?

As of today, the 30-year fixed mortgage rate for Barrington Hills is approximately 6.816% (6.820% 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 Barrington Hills?

The median home value in Barrington Hills is $628k. The median monthly rent is $2,955. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Barrington Hills?

Home values in Barrington Hills have increased 20.2% 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 Barrington Hills?

Based on a typical all-in ownership cost of $2,871/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $123k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Barrington Hills is $144k/year.

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What industries drive the economy in Barrington Hills?

The largest employment sectors in Barrington Hills are public administration (21%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.