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Lincolnwood

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

Median Home$520,100
Median Rent$3,232/month
Population13,112
Leading IndustriesEducation · Arts, Food & Hospitality · Transportation5% education
Home Value Growth⬆⬆+13.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners84% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableHighly Educated36% bachelor's · 14% graduate · top 3% nationally
Lincolnwood
IL

Frequently Asked Questions

What are today's mortgage rates in Lincolnwood?

As of today, the 30-year fixed mortgage rate for Lincolnwood is approximately 6.848% (6.853% 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 Lincolnwood?

The median home value in Lincolnwood is $520k. The median monthly rent is $3,232. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lincolnwood?

Home values in Lincolnwood 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 Lincolnwood?

Based on a typical all-in ownership cost of $2,380/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $102k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lincolnwood is $110k/year.

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What industries drive the economy in Lincolnwood?

The largest employment sectors in Lincolnwood are public administration (25%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.