2026 Affordability Data
Most Affordable Neighborhoods in Elk Grove Village village - 2026 Data
The median home value in Elk Grove Village village is $324,600, 15% above nat'l avg. Median rent is $1,541/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Elk Grove Village village, IL area.
Key Takeaways: Affordability in Elk Grove Village village
- 1The most affordable neighborhood in Elk Grove Village village is Lynwood village, with a median home value of $195,900.
- 2Elk Grove Village village's median home value is $324,600, 15% above nat'l avg (national: $281,900).
- 3Median rent in Elk Grove Village village is $1,541/month, 33% above nat'l avg (national: $1,163/month).
- 4We analyzed 15 neighborhoods in Elk Grove Village village to find the most affordable areas based on home values, rent, and affordability index.
Elk Grove Village village Affordability Overview
Median Home Value
$324,600
15% above nat'l avg
Median Rent
$1,541/mo
33% above nat'l avg
Median Income
$93,832
26% above nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Elk Grove Village village (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Lynwood villageIL | $195,900 |
| 2 | Riverside villageIL | $471,100 |
| 3 | Lake Villa villageIL | $309,400 |
| 4 | Bethalto villageIL | $156,300 |
| 5 | Willowbrook villageIL | $347,200 |
| 6 | RochelleIL | $138,800 |
| 7 | Flossmoor villageIL | $293,400 |
| 8 | Hawthorn Woods villageIL | $580,400 |
| 9 | Savoy villageIL | $260,800 |
| 10 | Glen Carbon villageIL | $272,000 |
| 11 | Schiller Park villageIL | $269,700 |
| 12 | WaukeganIL | $164,400 |
| 13 | Shiloh villageIL | $263,900 |
| 14 | Hazel Crest villageIL | $162,900 |
| 15 | ChampaignIL | $191,200 |
Detailed Neighborhood Profiles
Home Value: $195,900
Rent: $1,163/mo
Affordability: 221
Population: 9,087
Walk Score: 0/100
Home Value: $471,100
Rent: $1,163/mo
Affordability: 221
Population: 9,225
Walk Score: 0/100
Home Value: $309,400
Rent: $1,163/mo
Affordability: 221
Population: 8,701
Walk Score: 0/100
4
Home Value: $156,300
Rent: $1,163/mo
Affordability: 221
Population: 9,281
Walk Score: 0/100
5
Home Value: $347,200
Rent: $1,163/mo
Affordability: 221
Population: 9,177
Walk Score: 0/100
6
Home Value: $138,800
Rent: $1,163/mo
Affordability: 221
Population: 9,417
Walk Score: 0/100
7
Home Value: $293,400
Rent: $1,163/mo
Affordability: 221
Population: 9,405
Walk Score: 0/100
8
Home Value: $580,400
Rent: $1,163/mo
Affordability: 221
Population: 9,111
Walk Score: 0/100
9
Home Value: $260,800
Rent: $1,163/mo
Affordability: 221
Population: 8,682
Walk Score: 0/100
10
Home Value: $272,000
Rent: $1,354/mo
Affordability: 218
Population: 13,654
Walk Score: 0/100
11
Home Value: $269,700
Rent: $1,354/mo
Affordability: 218
Population: 11,600
Walk Score: 0/100
12
Home Value: $164,400
Rent: $1,354/mo
Affordability: 218
Population: 89,435
Walk Score: 0/100
13
Home Value: $263,900
Rent: $1,354/mo
Affordability: 218
Population: 13,892
Walk Score: 0/100
14
Home Value: $162,900
Rent: $1,354/mo
Affordability: 218
Population: 13,737
Walk Score: 0/100
15
Home Value: $191,200
Rent: $1,354/mo
Affordability: 218
Population: 88,628
Walk Score: 0/100
Frequently Asked Questions About Affordability in Elk Grove Village village
What is the most affordable neighborhood in Elk Grove Village village, IL?▾
Based on 2026 data, Lynwood village is the most affordable neighborhood in Elk Grove Village village with a median home value of $195,900. Kurby analyzed 15 neighborhoods in the Elk Grove Village village area to compile these rankings.
What is the median home price in Elk Grove Village village, IL?▾
The median home price in Elk Grove Village village is $324,600, which is 15% above nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Elk Grove Village village, IL?▾
The median monthly rent in Elk Grove Village village is $1,541. This is 33% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Elk Grove Village village?▾
The median household income in Elk Grove Village village is $93,832 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Elk Grove Village village are below the national average home price?▾
10 out of 15 ranked neighborhoods in Elk Grove Village village have a median home value below the national average of $281,900. The most affordable is Lynwood village at $195,900 (Source: Kurby, 2026).