Elmhurst, IL


Highest Appreciating Elmhurst Neighborhoods Since 2000

Elmhurst, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Elmhurst Housing Market Information

With a population of 45,957, 15,814 total housing units (homes and apartments), and a median house value of $463,083, Elmhurst house prices are not only among the most expensive in Illinois, Elmhurst real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Elmhurst, accounting for 76.75% of the city's housing units. Other types of housing that are prevalent in Elmhurst include large apartment complexes or high rise apartments ( 16.14%), row houses and other attached homes ( 4.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Elmhurst. Owner-occupied housing accounts for 78.02% of Elmhurst's homes, and 64.49% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Elmhurst's housing was primarily built during this period, from the '40s through the '60s. A full 47.21% of the city's housing hails from this era. Other housing ages represented in Elmhurst include homes built between 1970-1999 ( 20.56%) and housing constructed before 1939 ( 16.98%). There's also some housing in Elmhurst built between 2000 and later ( 15.25%).

Elmhurst Home Appreciation Rates

Real estate appreciation rates in Elmhurst's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

NeighborhoodScout's data show that during the latest twelve months, Elmhurst's appreciation rate, at 5.01%, has been at or slightly above the national average. In the latest quarter, Elmhurst's appreciation rate has been 1.25%, which annualizes to a rate of 5.09%.

Relative to Illinois, our data show that Elmhurst's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Elmhurst differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elmhurst - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Elmhurst real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,167,000 5.8
$875,001 - $1,167,000 7.1
$584,001 - $875,000 19.1
$467,001 - $584,000 12.6
$350,001 - $467,000 23.4
$234,001 - $350,000 22.2
$116,001 - $234,000 6.6
$58,001 - $116,000 1.2
$0 - $58,000 1.9

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
7.61754201065636 3.92405063291139

Number Of Homes And Apartments:

Elmhurst Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
56.95% 2.57% 10 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,950 / per month

Homeownership Rate

Owners 78.02
Renters 21.98
Vacant 5.70

Housing Market Details


Age of Homes

2000 or Newer 15.2
1970 - 1999 20.6
1940 - 1969 47.2
1939 or Older 17.0

Types of Homes

Single-Family 76.7
Townhomes 4.9
Small Apt. Buildings 2.3
Apt. Complexes 16.1
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 1.34
1 Bedroom 8.97
2 Bedrooms 16.73
3 Bedrooms 37.90
4 Bedrooms 26.59
5 or more bedrooms 8.46