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Port Barrington

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

Median Home$304,248
Median Rent$1,708/month
Population1,515
Leading IndustriesRetail · Transportation · Education17% retail
Home Value Growth⬆⬆+17.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners81% of occupied units
NotableHigh Incomes$111k/year · top 12% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Port Barrington
IL

Frequently Asked Questions

What are today's mortgage rates in Port Barrington?

As of today, the 30-year fixed mortgage rate for Port Barrington is approximately 6.994% (7.003% 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 Port Barrington?

The median home value in Port Barrington is $304k. The median monthly rent is $1,708. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Barrington?

Home values in Port Barrington 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 Port Barrington?

Based on a typical all-in ownership cost of $1,772/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Barrington is $111k/year.

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What industries drive the economy in Port Barrington?

The largest employment sectors in Port Barrington are public administration (20%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.