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Barrington

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

Median Home$609,127
Median Rent$2,086/month
Population10,674
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare5% professional services
Home Value Growth⬆⬆+13.9% over 2 years
Family-Friendly28% of residentswell above average
Homeowners79% of occupied units
NotableHighly Educated38% bachelor's · 22% graduate · top 2% nationally
NotableHigh Incomes$171k/year · top 2% nationally
Barrington
IL

Frequently Asked Questions

What are today's mortgage rates in Barrington?

As of today, the 30-year fixed mortgage rate for Barrington is approximately 6.834% (6.838% 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?

The median home value in Barrington is $609k. The median monthly rent is $2,086. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Barrington?

Home values in Barrington have increased 13.9% 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?

Based on a typical all-in ownership cost of $2,653/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $114k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Barrington is $171k/year.

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What industries drive the economy in Barrington?

The largest employment sectors in Barrington are healthcare (20%) and arts, food, and hospitality (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.