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Wheeling

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

Median Home$293,073
Median Rent$1,712/month
Population39,667
Leading IndustriesTransportation · Healthcare · Retail4% transportation
Home Value Growth⬆⬆+16.5% over 2 years
Young Adults27% of residentsnear the national average
Homeowners69% of occupied units
NotableTransit83/100 · excellent transit access
NotableAmenity Score71/100 · highly walkable area
Wheeling
IL

Frequently Asked Questions

What are today's mortgage rates in Wheeling?

As of today, the 30-year fixed mortgage rate for Wheeling is approximately 6.978% (6.987% 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 Wheeling?

The median home value in Wheeling is $293k. The median monthly rent is $1,712. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wheeling?

Home values in Wheeling have increased 16.5% 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 Wheeling?

Based on a typical all-in ownership cost of $1,574/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 Wheeling is $89k/year.

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What industries drive the economy in Wheeling?

The largest employment sectors in Wheeling are public administration (18%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.