Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Clarendon Hills

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

Median Home$651,744
Median Rent$1,080/month
Population8,036
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration18% arts, food & hospitality
Home Value Growth⬆⬆+11.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners81% of occupied units
NotableHighly Educated36% bachelor's · 27% graduate · top 3% nationally
NotableTransit90/100 · excellent transit access
Clarendon Hills
IL

Frequently Asked Questions

What are today's mortgage rates in Clarendon Hills?

As of today, the 30-year fixed mortgage rate for Clarendon Hills is approximately 6.625% (6.629% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Clarendon Hills
What is the median home price in Clarendon Hills?

The median home value in Clarendon Hills is $652k. The median monthly rent is $1,080. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clarendon Hills?

Home values in Clarendon Hills have increased 11.8% 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 Clarendon Hills?

Based on a typical all-in ownership cost of $2,716/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $116k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarendon Hills is $157k/year.

Calculate your buying power
What industries drive the economy in Clarendon Hills?

The largest employment sectors in Clarendon Hills are public administration (30%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.