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North Barrington

Learn about the people, housing, costs and businesses in North Barrington, Illinois

Median Home$604,173
Median Rent$2,370/month
Population2,907
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services18% arts, food & hospitality
Home Value Growth+5.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners94% of occupied units
NotableHighly Educated40% bachelor's · 26% graduate · top 1% nationally
NotableHigh Incomes$177k/year · top 2% nationally
North Barrington
IL

Frequently Asked Questions

What are today's mortgage rates in North Barrington?

As of today, the 30-year fixed mortgage rate for North Barrington is approximately 6.616% (6.620% 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 North Barrington?

The median home value in North Barrington is $604k. The median monthly rent is $2,370. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in North Barrington?

Home values in North Barrington have increased 5.9% over the past two years. This represents moderate growth. 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 North Barrington?

Based on a typical all-in ownership cost of $2,963/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $127k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in North Barrington is $177k/year.

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What industries drive the economy in North Barrington?

The largest employment sectors in North Barrington are public administration (22%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.