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Elmhurst

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

Median Home$557,492
Median Rent$1,897/month
Population45,685
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration9% arts, food & hospitality
Home Value Growth⬆⬆+13.6% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners81% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableHigh Incomes$157k/year · top 3% nationally
Elmhurst
IL

Frequently Asked Questions

What are today's mortgage rates in Elmhurst?

As of today, the 30-year fixed mortgage rate for Elmhurst is approximately 6.833% (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 Elmhurst?

The median home value in Elmhurst is $557k. The median monthly rent is $1,897. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elmhurst?

Home values in Elmhurst have increased 13.6% 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 Elmhurst?

Based on a typical all-in ownership cost of $2,363/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $101k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elmhurst is $157k/year.

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What industries drive the economy in Elmhurst?

The largest employment sectors in Elmhurst are public administration (27%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.