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Rolling Meadows

Learn about the people, housing, costs and businesses in Rolling Meadows, Illinois

Median Home$333,556
Median Rent$1,772/month
Population24,160
Leading IndustriesTransportation · Healthcare · Finance & Insurance3% transportation
Home Value Growth⬆⬆⬆+22.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners72% of occupied units
NotableAmenity Score85/100 · highly walkable area
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
Rolling Meadows
IL

Frequently Asked Questions

What are today's mortgage rates in Rolling Meadows?

As of today, the 30-year fixed mortgage rate for Rolling Meadows is approximately 6.939% (6.946% 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 Rolling Meadows?

The median home value in Rolling Meadows is $334k. The median monthly rent is $1,772. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rolling Meadows?

Home values in Rolling Meadows have increased 22.6% 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 Rolling Meadows?

Based on a typical all-in ownership cost of $1,714/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rolling Meadows is $109k/year.

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What industries drive the economy in Rolling Meadows?

The largest employment sectors in Rolling Meadows are public administration (19%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.