The median home in Elmwood Park, Illinois is valued at $328,451, up 2.5% year over year. Typical monthly rent is $1,833, producing a price-to-rent ratio of 14.9x — below the national average of 18x. Elmwood Park 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.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$328,451

+2.5%

Rent$1,833/mo

AFFORDABILITY

Enter your income for Elmwood Park.

Income (annual)

Down Payment

$65,690 on $328,451

Out of reach — 38.7% of income

Need $103,757/yr to afford.

PITI$2,421

P/I38.7%

Afford$237K

Gap-$91K

P&I $1,661Tax $610Ins $150

Renting $588/mo cheaper ($1,833 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 Elmwood Park with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

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 →

ELMWOOD PARK, IL