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Northbrook

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

Median Home$674,742
Median Rent$2,461/month
Population34,287
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services23% healthcare
Home Value Growth⬆⬆+17.9% over 2 years
Retirees26% of residentsabove average nationally
Homeowners85% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableHighly Educated36% bachelor's · 25% graduate · top 3% nationally
Northbrook
IL

Frequently Asked Questions

What are today's mortgage rates in Northbrook?

As of today, the 30-year fixed mortgage rate for Northbrook is approximately 6.815% (6.819% 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 Northbrook?

The median home value in Northbrook is $675k. The median monthly rent is $2,461. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Northbrook?

Home values in Northbrook have increased 17.9% 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 Northbrook?

Based on a typical all-in ownership cost of $2,587/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $111k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Northbrook is $162k/year.

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What industries drive the economy in Northbrook?

The largest employment sectors in Northbrook are healthcare (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.