Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Des Plaines

Learn about the people, housing, costs and businesses in Des Plaines, Illinois

Median Home$331,845
Median Rent$1,471/month
Population58,516
Leading IndustriesFinance & Insurance · Information & Media · Arts, Food & Hospitality7% finance & insurance
Home Value Growth⬆⬆+13.8% over 2 years
Young Adults26% of residents
Homeowners74% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableTransit83/100 · excellent transit access
Des Plaines
IL

Frequently Asked Questions

What are today's mortgage rates in Des Plaines?

As of today, the 30-year fixed mortgage rate for Des Plaines is approximately 6.944% (6.952% 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 Des Plaines
What is the median home price in Des Plaines?

The median home value in Des Plaines is $332k. The median monthly rent is $1,471. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Des Plaines?

Home values in Des Plaines have increased 13.8% 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 Des Plaines?

Based on a typical all-in ownership cost of $1,586/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Des Plaines is $96k/year.

Calculate your buying power
What industries drive the economy in Des Plaines?

The largest employment sectors in Des Plaines are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.