The median home in Wheeling, Illinois is valued at $295,565, up 4.1% year over year. Typical monthly rent is $1,978, producing a price-to-rent ratio of 12.5x — below the national average of 18x. Wheeling 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$295,565

+4.1%

Rent$1,978/mo

AFFORDABILITY

Enter your income for Wheeling.

Income (annual)

Down Payment

$59,113 on $295,565

Stretch — 35.1% of income

Above 28% but manageable with cuts.

PITI$2,194

P/I35.1%

Afford$236K

Gap-$60K

P&I $1,495Tax $549Ins $150

Renting $216/mo cheaper ($1,978 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 Wheeling 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 →

WHEELING, IL