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Knollwood

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

Median Home$521,331
Median Rent$1,721/month
Population2,147
Leading IndustriesArts, Food & Hospitality · Transportation · Healthcare25% arts, food & hospitality
Home Value Growth⬆⬆+14.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners85% of occupied units
NotableHighly Educated36% bachelor's · 16% graduate · top 3% nationally
NotableHigh Incomes$155k/year · top 3% nationally
Knollwood
IL

Frequently Asked Questions

What are today's mortgage rates in Knollwood?

As of today, the 30-year fixed mortgage rate for Knollwood is approximately 6.994% (7.003% 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 Knollwood?

The median home value in Knollwood is $521k. The median monthly rent is $1,721. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Knollwood?

Home values in Knollwood have increased 14.1% 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 Knollwood?

Based on a typical all-in ownership cost of $2,332/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $100k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Knollwood is $155k/year.

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What industries drive the economy in Knollwood?

The largest employment sectors in Knollwood are healthcare (26%) and arts, food, and hospitality (25%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.