Elk Grove Village, IL

All states·Illinois·Elk Grove Village

Cook County · Chicago-Naperville-Elgin · population 31,802

Shrinking
Elk Grove Village, IL
Image: Wikipedia · Elk Grove Village, Illinois
OverviewCost of livingMoving guide
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67
Rising
Momentum score · 0–100

Where Elk Grove Village stands

At or near all-time high. home values up 5.9% in the last year. population shrinking 0.8% per year.

Median home $390,043
1-year +5.9%
5-yr CAGR +6.4%
vs 5-yr peak +0.0%
Population -0.8%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$390k$217k$280k$343k$406k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
76/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,774/mo$1,475$1,683$1,891202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent124113100120202220242026

Rent vs buy

Price-to-rent ratio: 18.3
Lean buy

At a 18.3 price-to-rent ratio, Elk Grove Village is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
78 · w22%
Home 5-yr CAGR
71 · w22%
Distance from peak
90 · w18%
Population growth
33 · w16%
Rent YoY
55 · w12%
Home 10-yr CAGR
63 · w10%
Long thesis

Elk Grove Village has held up across the cycle: home values at $390,043 with +6.4% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Elk Grove Village's population is shrinking 0.8% per year. Housing demand has to come from somewhere — if people are leaving, the buyer pool is shrinking faster than the inventory. That eventually shows up in price.

About Elk Grove Village

Elk Grove Village is a city in Cook County, Illinois, with an estimated population of 31,802. It anchors the Chicago-Naperville-Elgin metro area. The population has contracted 0.8% per year on average since 2020. The median home value in Elk Grove Village is $390,043 as of 2026-04, up 5.9% over the last 12 months. Over the last five years, home values have averaged +6.4% annual growth, with prices at or near the 5-year peak. Rents in Elk Grove Village average $1,774 per month, roughly flat year-over-year (+1.5%). The composite momentum score is 67 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Healthy 5-year run: +6.4% annualized over 5 years, outpacing US inflation.
●Quiet strength: +5.9% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

●Flat or shrinking population: -0.8% per year. Housing demand has to come from somewhere — verify the source.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Elk Grove Village (Wikipedia)

Elk Grove Village is a village in Cook and DuPage Counties, Illinois, United States. The population was 32,812 at the 2020 census, and was estimated at 31,802 in 2024. Located 22 miles (35 km) northwest of Chicago along the Golden Corridor, the Village of Elk Grove Village was incorporated on July 17, 1956. It is directly adjacent to O'Hare International Airport and is economically important to the Chicago metropolitan area due to its large industrial park, located on the eastern border of the village. The community is served by several Interstate highways including I-90, I-290/I-355/Route 53, and IL-390. Elk Grove is also expected to be served by the I-490 Western O'Hare Bypass upon completion of the project.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Cook County right now.

NWS active alerts (IL)Illinois Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Cook County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Elk Grove Village

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Run the numbers for Elk Grove Village

ToolCan I afford Elk Grove Village?Income → city shortlistToolROI on a Elk Grove Village rentalCap rate, cash-on-cash, DSCRToolCompare Elk Grove Village to anywhereSide-by-side up to 3 citiesToolElk Grove Village cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
33° / 18°
avg high / low
Summer (Jul)
85° / 64°
avg high / low
Sunny days/yr
189
~52% of year
Annual precip
38″ rain
22″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Chicago-Naperville-Elgin area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Elk Grove Village listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Local chatter (Reddit)

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$78,400
Illinois state median
Top industries (state-level)
FinanceManufacturingHealthcare

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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