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Foreclosure Homes in Arlington Heights, IL

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Arlington Heights, IL Foreclosures

How much do homes sell for in Arlington Heights, IL?
The average home price is currently $393,221.
In Arlington Heights, IL, how many homes are available?
There are currently 28,337 active home listings available in Arlington Heights.
What’s the average rental cost in Arlington Heights, IL?
The average rental price in Arlington Heights is $2,086.
What is the most expensive home in Arlington Heights, Illinois?
The most expensive home sold in Arlington Heights had a price of $2,167,000.
What is currently the cheapest priced home in Arlington Heights, IL?
The cheapest home for sale in Arlington Heights is priced at $8,630.

Home Value Estimator For Arlington Heights, IL

There are currently 28,337 real estate properties in Arlington Heights, IL, with a median automated valuation model (AVM) price of $372,530.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Arlington Heights, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Arlington Heights, IL, is $393,221.00, with the most expensive house in Arlington Heights, IL, topping out at $2,167,000.00 and the cheapest home in Arlington Heights, IL, clocking in at $8,630.00. In other words, there’s something for every potential homebuyer or savvy investor in Arlington Heights, IL!


Rent Prices In Arlington Heights, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Arlington Heights, IL, is on a rollercoaster ride. The average rent price in Arlington Heights, IL, is $2,086.00. Indeed, when looking to rent in Arlington Heights, IL, you can expect to pay as little as $810.00 or as much as $4,380.00, with the average rent median estimated to be $2,130.00. The good news is that finding an affordable and desirable property to rent in Arlington Heights, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Arlington Heights, IL In 2024

Arlington Heights is located in Cook, Illinois, with an estimated municipal population of 74,760 residents. All of the best foreclosed homes for sale in Arlington Heights are located in the following zip code areas on Foreclosure.com: 60005 60004. The estimated population per square kilometer (.62 miles) in Arlington Heights is 1,738.


Cost Of Living In Arlington Heights, IL

So, about how much do homes cost in Arlington Heights? The most recent median value of resident-owned homes in Arlington Heights is 358,042. An estimated 74.6 percent of households in Arlington Heights own their homes, with an average family size of 3.03. The median household income in Arlington Heights is 96,340, with48.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Arlington Heights, the median commute time of resident workers (in minutes) is 29.7. And last, but certainly not least, are you looking for homes to rent in Arlington Heights? If so, the average rent price paid by renters in Arlington Heights is 1,368, according to recent statistics.


Diversity And Demographics In Arlington Heights, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Arlington Heights, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Arlington Heights is 44.5, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Arlington Heights is 59.7, with an average family size of 3.03.

The percentage of residents who report their race in Arlington Heights is as follows:

White 84.2%
Black / African American 1.8%
Asian 10.2%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 1.8%
Other 2%

Looking for family-friendly neighborhoods in and/or near Arlington Heights? Or maybe you are searching for 55+ active adult communities in and/or near Arlington Heights?

The percentage of residents who report their age in Arlington Heights is as follows:

Under 10 11.5%
Aged 10-19 11.3%
20s 8.3%
30s 12.8%
40s 14%
50s 14.4%
60s 14.2%
70s 7.3%
80+ 6.2%

Best Schools In Arlington Heights, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Arlington Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Arlington Heights.


Pros And Cons Of Living In Arlington Heights, Illinois

How do you know that living in -- or moving to -- Arlington Heights is right where you need to be? Perhaps you grew up in Arlington Heights or already live nearby; therefore, the decision to buy a home in Arlington Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Arlington Heights for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Arlington Heights:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Arlington Heights.


Reasons To Move To Arlington Heights, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Arlington Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Arlington Heights, meanwhile, can field multiple offers from more qualified buyers.

Arlington Heights, IL Foreclosures


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