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Crestwood

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

Median Home$248,286
Median Rent$1,301/month
Population10,071
Leading IndustriesPublic Administration · Transportation · Finance & Insurance31% public administration
Home Value Growth⬆⬆+12.7% over 2 years
Retirees30% of residentswell above average
Homeowners81% of occupied units
NotableAmenity Score74/100 · highly walkable area
Crestwood
IL

Frequently Asked Questions

What are today's mortgage rates in Crestwood?

As of today, the 30-year fixed mortgage rate for Crestwood is approximately 6.988% (7.000% 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 Crestwood?

The median home value in Crestwood is $248k. The median monthly rent is $1,301. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Crestwood?

Home values in Crestwood have increased 12.7% 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 Crestwood?

Based on a typical all-in ownership cost of $1,242/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Crestwood is $75k/year.

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What industries drive the economy in Crestwood?

The largest employment sectors in Crestwood are public administration (31%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.