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Advertise here →Wheeling, IL · Market Data
Wheeling, Illinois real estate market data.
Real estate market data for Wheeling, IL (Cook County) — Census median home value $244,600, county listing prices up about 2.2% over the past year.
Wheeling, IL is in Cook County, Illinois — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 38,495, with a median household income of $83,251. Census data puts Wheeling's median home value at $244,600 (all owner-occupied homes); Cook County's current median listing price runs $352,450, up about 2.2% over the past year.
At a glance
Wheeling market snapshot
Population
38,495
Median Household Income
$83,251
Median Home Value (city)
$244,600
Median Listing Price (Cook County)
$352,450
Median Gross Rent
$1,578/mo
Price Trend (YoY)
+2.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Wheeling different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Wheeling's median home value — across all owner-occupied homes, not just recent sales — at $244,600. Separately, Cook County's current median listing price (via Realtor.com data, 2026-06-01) runs $352,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Cook County's FHFA house price index shows a 5.52% annual change in 2025.
Population & Income
Wheeling has an estimated population of 38,495 and a median household income of $83,251, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Wheeling's Census-reported median home value works out to about 2.9x the area's median household income, and median gross rent runs roughly 23% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Wheeling FAQ
What are home values like in Wheeling, IL?
The Census Bureau's American Community Survey puts Wheeling's median home value at $244,600. Cook County's current median listing price runs $352,450, up about 2.2% over the past year.
What is the population of Wheeling, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Wheeling's population at approximately 38,495.
What's the median rent in Wheeling, IL?
The Census ACS estimates median gross rent in Wheeling at approximately $1,578 per month.
What is the median household income in Wheeling, IL?
Census ACS data puts the median household income in Wheeling at approximately $83,251.
Is the Wheeling housing market growing?
Cook County's FHFA house price index shows a 5.52% annual change in 2025.
Is Wheeling, IL affordable relative to income?
Census ACS data puts Wheeling's median home value at about 2.9 times the median household income, with median gross rent equal to roughly 23% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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