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Englewood

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

Median Home$172,700
Median Rent$1,099/month
Population23,195
Leading IndustryFinance & Insurance10% of local workforce
Home Value Growth⬆⬆⬆+25.9% over 2 years
Retirees17% of residentsnear the national average
Renters68% of occupied units
NotableVeteran Community5% of residents · top 14% nationally
NotableAffordable Market$173k median home · lower cost than 90% of the country
Englewood
IL

Frequently Asked Questions

What are today's mortgage rates in Englewood?

As of today, the 30-year fixed mortgage rate for Englewood is approximately 6.969% (7.021% 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 Englewood?

The median home value in Englewood is $173k. The median monthly rent is $1,099. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Englewood?

Home values in Englewood have increased 25.9% 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 Englewood?

Based on a typical all-in ownership cost of $1,034/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Englewood is $34k/year.

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What industries drive the economy in Englewood?

The largest employment sectors in Englewood are public administration (29%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas