The median home in Highland Park, Illinois is valued at $725,785, up 6.2% year over year. Typical monthly rent is $3,068, producing a price-to-rent ratio of 19.7x — near the national average of 18x. Highland 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$725,785

+6.2%

Rent$3,068/mo

AFFORDABILITY

Enter your income for Highland Park.

Income (annual)

Down Payment

$145,157 on $725,785

Out of reach — 82.7% of income

Need $221,529/yr to afford.

PITI$5,169

P/I82.7%

Afford$246K

Gap-$480K

P&I $3,670Tax $1,349Ins $150

Renting $2,101/mo cheaper ($3,068 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 Highland 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 →

HIGHLAND PARK, IL