The median home in Elk Grove Village, Illinois is valued at $369,872, up 5.4% year over year. Typical monthly rent is $1,625, producing a price-to-rent ratio of 19x — near the national average of 18x. Elk Grove Village is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$369,872

+5.4%

Rent$1,625/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Elk Grove Village.

Income (annual)

Down Payment

$73,974 on $369,872

Example: $75,000 household income. Change it above to see your own.

Out of reach43.3% of income

Need $116,057/yr to afford.

PITI$2,708

P/I43.3%

Afford$239K

Gap-$131K

P&I $1,870Tax $687Ins $150

Renting $1,083/mo cheaper ($1,625 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Elk Grove Village with other housing markets across Illinois.

Kenilworth$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.

Elk Grove Village, IL