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Schiller Park

Learn about the people, housing, costs and businesses in Schiller Park, Illinois

Median Home$280,606
Median Rent$1,211/month
Population11,388
Leading IndustriesTransportation · Finance & Insurance · Wholesale Trade5% transportation
Home Value Growth+9.6% over 2 years
Young Adults29% of residentsslightly above average
Homeowners59% of occupied units
NotableTransit89/100 · excellent transit access
NotableAmenity Score78/100 · highly walkable area
Schiller Park
IL

Frequently Asked Questions

What are today's mortgage rates in Schiller Park?

As of today, the 30-year fixed mortgage rate for Schiller Park is approximately 7.032% (7.042% 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 Schiller Park?

The median home value in Schiller Park is $281k. The median monthly rent is $1,211. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Schiller Park?

Home values in Schiller Park have increased 9.6% 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 Schiller Park?

Based on a typical all-in ownership cost of $1,373/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Schiller Park is $76k/year.

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What industries drive the economy in Schiller Park?

The largest employment sectors in Schiller Park are retail (15%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.