Elk Grove Village's October First-Time Homebuyer Report

Elk Grove Village is a larger than average city in Illinois that has seen a 9.5% decrease in population over the last 10 years. It also has a total population of 33,127. Elk Grove Village is made up of homes that are considered relatively old with a median of 35 years. The best schools in the city are Rupley Elementary School, Margaret Mead Jr High School, and Elk Grove High School.

Price Range

Elk Grove Village has some of the more expensive homes in the state with a median home value of $202,800 and a current average list price of $257,476. Over the last 30 days, 48 homes were sold in the Elk Grove Village market, up 17.1%. However, the market is still in a new downward trend overall.

Out of all the listings in Elk Grove Village, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$248K   $264K   $184K  

Typical Dwelling

The typical dwelling in Elk Grove Village is a three-bedroom detached home worth about $264,734. To purchase a similar home, a buyer with good credit and a $52,947 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,199 monthly payment. The property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Elk Grove Village homes for sale or reviewing Elk Grove Village real estate trends.


Data reported through 10/13/2016

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