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Westchester

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

Median Home$321,408
Median Rent$1,703/month
Population16,015
Leading IndustriesProfessional Services · Transportation · Healthcare3% professional services
Home Value Growth⬆⬆+13.0% over 2 years
Retirees28% of residentswell above average
Homeowners86% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHighly Educated28% bachelor's · 14% graduate · top 12% nationally
Westchester
IL

Frequently Asked Questions

What are today's mortgage rates in Westchester?

As of today, the 30-year fixed mortgage rate for Westchester is approximately 6.943% (6.950% 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 Westchester?

The median home value in Westchester is $321k. The median monthly rent is $1,703. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Westchester?

Home values in Westchester have increased 13.0% 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 Westchester?

Based on a typical all-in ownership cost of $1,555/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Westchester is $95k/year.

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What industries drive the economy in Westchester?

The largest employment sectors in Westchester are public administration (26%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.