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O'Hare

Learn about the people, housing, costs and businesses in O'Hare, Illinois

Median Home$254,089
Median Rent$1,419/month
Population14,404
Leading IndustriesInformation & Media · Finance & Insurance · Wholesale Trade18% information & media
Home Value Growth⬆⬆+15.4% over 2 years
Retirees18% of residentsslightly above average
Renters58% of occupied units
O'Hare
IL

Frequently Asked Questions

What are today's mortgage rates in O'Hare?

As of today, the 30-year fixed mortgage rate for O'Hare is approximately 6.918% (6.965% 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 O'Hare?

The median home value in O'Hare is $254k. The median monthly rent is $1,419. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in O'Hare?

Home values in O'Hare have increased 15.4% 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 O'Hare?

Based on a typical all-in ownership cost of $1,335/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in O'Hare is $84k/year.

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What industries drive the economy in O'Hare?

The largest employment sectors in O'Hare are public administration (21%) and information and media (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas