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.
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Home Value$369,872
+5.4%
Rent$1,625/mo
AFFORDABILITYRenting $1,083/mo cheaper ($1,625 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.
Enter your income for Elk Grove Village.
$73,974 on $369,872
Out of reach — 43.3% of income
Need $116,057/yr to afford.
PITI$2,708
P/I43.3%
Afford$239K
Gap-$131K
P&I $1,870Tax $687Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Illinois
Compare Elk Grove Village with other housing markets across Illinois.
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 →