Elk Grove Village, IL

Population: 33,379
Average annual home appreciation rate: 8.10%
Total of homes for sale in this market: 58
Median home price: $281,196
Median Rent: $1,065 per room
Home price range: 40.51% of homes are between $211,001 – $316,000
Median sales price: $196,750
Number of homes: 120
Median foreclosure sales price: $178,500
Foreclosure discount: 9%
Most common home type: 59.82% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 3.95%
Number of renters: 26.03%
Number of owner occupied: 73.97%
Number people living below poverty level: 5.22%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? Relative to Illinois, data shows that Elk Grove Village’s latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois. With the history of positive appreciation in the Elk Grove Village area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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