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Lombard

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

Median Home$333,771
Median Rent$1,879/month
Population44,098
Leading IndustriesArts, Food & Hospitality · Healthcare · Education12% arts, food & hospitality
Home Value Growth⬆⬆+12.9% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners71% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableHighly Educated32% bachelor's · 12% graduate · top 6% nationally
Lombard
IL

Frequently Asked Questions

What are today's mortgage rates in Lombard?

As of today, the 30-year fixed mortgage rate for Lombard is approximately 6.933% (6.940% 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 Lombard?

The median home value in Lombard is $334k. The median monthly rent is $1,879. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lombard?

Home values in Lombard have increased 12.9% 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 Lombard?

Based on a typical all-in ownership cost of $1,877/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lombard is $102k/year.

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What industries drive the economy in Lombard?

The largest employment sectors in Lombard are public administration (21%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.