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City · 23,868 residents · Cook County, Illinois

Elmwood Park , Illinois

In Elmwood Park, a typical home is worth $339,300 and typical rent is $1,334 a month. Compared with all of Cook County, typical household income is 10% higher, typical rent is 7% lower, and the share of households that own their home is 7 points higher.

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  • Typical home value

    $339,300

    5% above the county

    29% above Illinois

    • Elmwood Park
    • Cook
    • Illinois

  • Typical rent

    $1,334a month

    7% below the county

    5% above Illinois

    • Elmwood Park
    • Cook
    • Illinois

  • Typical household income

    $91,955a year

    10% above the county

    10% above Illinois

    • Elmwood Park
    • Cook
    • Illinois

  • Households that own their home

    65%

    7 points above the county

    2 points below Illinois

    • Elmwood Park
    • Cook
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$356,576
6.6% more than 12 months ago
Typical rent
$1,811 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Elmwood Park is in Cook County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cook County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Elmwood Park apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in River Grove, the typical home value is $241,800: 29% less than in Elmwood Park ($339,300).

  2. 65% of households in Elmwood Park own their home, against 58% in Cook County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Elmwood Park

What homes there are in Elmwood Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 51% of homes here, against 40% in Cook County.

Year built

The typical home in Elmwood Park was built in 1955, 6 years before the typical one in Cook County.

There is more room for a big family here: 54% of homes have 3 bedrooms or more, against 49% in Cook County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Cook County is $541,287, and about 90% of owner-occupied homes in Elmwood Park are worth less than that.

Monthly rent with utilities

With a mortgage

$2,348 a month

Cook County: $2,270 a month

Without a mortgage

$936 a month

Cook County: $910 a month

Owners with a mortgage

56%

Cook County: 62%

The typical cost for an owner with a mortgage in Elmwood Park is $2,348 a month, near the figure in Cook County ($2,270).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Elmwood Park rose 32% since 2015–2019, about the same as in Cook County (32%).

Since 2015–2019, the typical rent in Elmwood Park rose 19%, less than in Cook County (28%).

Income in Elmwood Park grew faster than housing: it rose 53%, while home values changed +32% and rent +19%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureElmwood ParkCook CountyIllinoisUnited States
Rental vacancy Unreliable estimate4.5%5.0%5.5%
Homeowner vacancy Unreliable estimate1.1%1.0%0.9%
More than one person per room 3.4%3.3%2.5%3.4%
People per household 2.552.432.462.53
Drive alone 71%55%66%69%
Carpool 7%8%8%9%
Public transit 5%12%6%3%
Walk or bike Unreliable estimate5%3%3%
Work from home 14%19%16%15%
Other means Unreliable estimate2%1%2%
Typical commute 30 to 39 minutes30 to 39 minutes20 to 29 minutes20 to 29 minutes

Much as in Cook County, 3.4% of households in Elmwood Park have more than one person per room.

By size, households in Elmwood Park look like those in Cook County: 2.55 people on average.

In Elmwood Park, 71% of workers drive alone to work; in Cook County, 55%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Elmwood Park?

A typical home costs more than the typical income allows

We start with a typical home in Elmwood Park, worth $339,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Elmwood Park, which is $91,955 a year. For that payment to be 28% of income, a household would need to earn about $134,299 a year.

The calculator's FHA and conventional loan limits are those of all of Cook County.

Your numbers

Local data
$

Starts at the typical home value in Elmwood Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,876 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,134

at 7.18% · 30 years

Loan amount
$333,154
Total interest
$479,330
Paid off in
November 2056

Includes $5,730 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,146 a month

  • Tight

    $2,146 to $2,759 a month

  • Hard

    more than $2,759 a month

    Your payment · 41%

Compared with the typical household income in Elmwood Park ($91,955 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,134
Principal & interest$2,257
Property tax$585
Home insurance$141
FHA mortgage insurance (MIP)$150

You need at least $11,876 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Elmwood Park and Cook County

Elmwood Park is in Cook County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Elmwood Park's own numbers

Typical home value
$339,300
Typical monthly rent
$1,334
Typical yearly household income
$91,955
Households that own their home
65%
Effective property tax rate
2.07%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Cook County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cook County.

Everything about Cook County

Buying

Buying a home in Elmwood Park

A typical home in Elmwood Park is worth $339,300: 5% above the county and 29% above Illinois. With the typical household income in Elmwood Park ($91,955 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Elmwood Park 3.7 years
  • Cook 3.9 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Cook County

According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Cook County.

Period County Illinois U.S.
Last year (2025) +5.5% +5.7% +2.9%
5 years (2020–2025) +42% +47% +47%
10 years (2015–2025) +61% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Elmwood Park next to Cook County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Elmwood Park $339,300
  • Cook $324,500
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Elmwood Park $1,334
  • Cook $1,435
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Elmwood Park $91,955
  • Cook $83,498
  • Illinois $83,390
  • United States $80,734
See the full table
Elmwood Park next to Cook County and Illinois
Measure Elmwood Park Cook County Illinois U.S.
Typical home value $339,300 $324,500 $263,300 $332,700
Typical monthly rent $1,334 $1,435 $1,274 $1,413
Typical yearly household income $91,955 $83,498 $83,390 $80,734
Households that own their home 65% 58% 67% 65%
Typical yearly property tax $7,029 $6,191 $5,298 $3,119
Effective property tax rate 2.07% 1.91% 2.01% 0.94%
Renters with high rent for their income 41% 49% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Elmwood Park

For a typical $339,300 home in Elmwood Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Elmwood Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,134a month

    Least cash to close
    Down payment
    $11,876
    Cash to close
    $22,055
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $150

  • Conventional, 5% down $3,071a month

    Down payment
    $16,965
    Cash to close
    $27,144
    Rate
    7.18%
    Mortgage insurance
    PMI · $161

  • Conventional, 20% down, no PMI $2,565a month

    Down payment
    $67,860
    Cash to close
    $78,039
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,879a month

    Down payment
    $50,895
    Cash to close
    $61,074
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Elmwood Park and for Cook County.

Property tax

Effective rate in Elmwood Park

2.07%of the home’s value each year

$7,029 a year for the typical owner in Elmwood Park.

  • Elmwood Park 2.07%
  • Cook 1.91%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Cook County

FEMA does not publish these numbers by city: they are for all of Cook County.

Homes in the high-risk zone
1%
12,558
Of those, with NFIP insurance
32%
County Illinois U.S.
Homes in the high-risk zone 1% 1.5% 3.5%
Of those, with NFIP insurance 32% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Elmwood Park

Typical rent in Elmwood Park is $1,334 a month: 7% below the county. In Elmwood Park, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Cook County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.

HUD fair market rent for all of Cook County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,678 $32.27 $67,120
1 bedroom $1,780 $34.23 $71,200
2 bedrooms $2,011 $38.67 $80,440
3 bedrooms $2,586 $49.73 $103,440
4 bedrooms $2,954 $56.81 $118,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Elmwood Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Elmwood Park is in ZIP code 60707.

For 2 bedrooms it is $1,860: $151 less than the fair market rent for Cook County ($2,011).

  • 60707 $1,860$2,390

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Elmwood Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Elmwood Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Elmwood Park

No down payment, repair or rent-help program on our list is for Elmwood Park or Cook County. The ones below are statewide in Illinois: they work in Elmwood Park the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Elmwood Park

The HUD-approved agencies closest to the center of Elmwood Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Northwest Side Housing Center (NWSHC)

    5233 W Diversey Ave, Chicago · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (773) 283-3888

  • Oak Park Regional Housing Center Aka West Cook Homeownership Center

    5934 W Lake St, Chicago · 3 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (773) 887-5187

  • Ceda - Cicero

    6141 West Roosevelt Road, Cicero · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (312) 288-8010

Every agency in Cook County All counseling agencies in Illinois

Help in Spanish near Elmwood Park

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Elmwood Park

HUD’s record names them for Elmwood Park or Cook County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority Cook County Public housing and Section 8 vouchers (312) 542-4721

5 other authorities have an office in Cook County: see the list Source: HUD

Cities

Other cities in Cook County

These cities are also in Cook County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Cook County Housing in Illinois
See 84 more cities in Cook County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Elmwood Park, with the typical home value.

Neighboring counties

If Cook County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Elmwood Park.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Elmwood Park

Short answers with the numbers for Elmwood Park and all of Cook County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Elmwood Park?

The typical home value in Elmwood Park is $339,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.

How much does it cost to rent in Elmwood Park?

Typical rent in Elmwood Park is $1,334 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.

What is the FHA loan limit in Elmwood Park?

Elmwood Park uses the FHA limit for all of Cook County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Elmwood Park?

The typical homeowner in Elmwood Park pays $7,029 a year, according to the U.S. Census Bureau. That is 2.07% of the home’s value; in Cook County, the rate is 1.91%.

Where can I find free help to buy or rent in Elmwood Park?

There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).