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Carol Stream

Learn about the people, housing, costs and businesses in Carol Stream, Illinois

Median Home$329,293
Median Rent$1,788/month
Population39,392
Leading IndustriesProfessional Services · Finance & Insurance · Information & Media3% professional services
Home Value Growth⬆⬆+15.6% over 2 years
Young Adults27% of residentsnear the national average
Homeowners71% of occupied units
NotableHighly Educated28% bachelor's · 12% graduate · top 12% nationally
NotableHigh Incomes$107k/year · top 13% nationally
Carol Stream
IL

Frequently Asked Questions

What are today's mortgage rates in Carol Stream?

As of today, the 30-year fixed mortgage rate for Carol Stream is approximately 6.924% (6.931% 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 Carol Stream?

The median home value in Carol Stream is $329k. The median monthly rent is $1,788. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carol Stream?

Home values in Carol Stream have increased 15.6% 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 Carol Stream?

Based on a typical all-in ownership cost of $1,794/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carol Stream is $107k/year.

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What industries drive the economy in Carol Stream?

The largest employment sectors in Carol Stream are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.