In Wheeling, a typical home is worth $266,200 and typical rent is $1,663 a month. Compared with all of Cook County, the typical home value is 18% lower and typical rent is 16% higher.
Typical home value from Zillow, September 2021 to September 2026: from $229,849 to $316,429.
Typical rent
$2,009a month
▲ 0.8% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,545 to $2,009.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Wheeling 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
What this place has that others do not, from public data, most unusual first.
1
The typical home in Wheeling is worth $266,200,18% less than in Cook County as a whole ($324,500).
2
The typical rent in Wheeling is $1,663 a month, 16% more than in Cook County as a whole ($1,435).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Wheeling
What homes there are in Wheeling, 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 houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Wheeling
Cook County
Illinois
United States
Kind of home: Wheeling and its comparisons
Measure
Wheeling
Cook County
Illinois
United States
Detached house
27%
40%
58%
61%
Attached house
16%
6%
6%
6%
Building of 2 to 4
14%
19%
12%
8%
Apartments (5 or more)
40%
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Many people here live in apartments: 4 in 10 homes; in Cook County, 3.
Year built
Before 19601960–19791980–19992000–20092010 or later
Wheeling
Cook County
Illinois
United States
Year built: Wheeling and its comparisons
Measure
Wheeling
Cook County
Illinois
United States
Before 1960
14%
49%
38%
26%
1960–1979
37%
25%
26%
24%
1980–1999
34%
14%
20%
25%
2000–2009
10%
8%
11%
14%
2010 or later
6%
5%
6%
11%
Here half of the homes date from 1980 or later; in Cook County, from 1961 or later.
In Wheeling, 47% of homes have 3 bedrooms or more, about the same as in Cook County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K9%
$100K–$200K18%
$200K–$300K32%
$300K–$500K35%
$500K–$750K5%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Wheeling and its comparisons
Measure
Wheeling
Under $100K
9%
$100K–$200K
18%
$200K–$300K
32%
$300K–$500K
35%
$500K–$750K
5%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA loan limit for Cook County is $541,287, and about 95% of owner-occupied homes in Wheeling are worth less than that.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49934%
$1,500–$1,99934%
$2,000–$2,49919%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Wheeling and its comparisons
Measure
Wheeling
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
34%
$1,500–$1,999
34%
$2,000–$2,499
19%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,909 a month
Cook County: $2,270 a month
Without a mortgage
$892 a month
Cook County: $910 a month
Owners with a mortgage
62%
Cook County: 62%
The typical cost for an owner with a mortgage in Wheeling is $1,909 a month, less than in Cook County ($2,270); without one, $892.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wheeling+34%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Wheeling+32%
Cook County+28%
Illinois+26%
United States+33%
Typical household income
Wheeling+24%
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Wheeling and its comparisons
Measure
Wheeling
Cook County
Illinois
United States
Typical home value
+34%
+32%
+35%
+53%
Typical rent
+32%
+28%
+26%
+33%
Typical household income
+24%
+29%
+27%
+29%
From 2015–2019 to 2020–2024, home values in Wheeling rose at about the same pace as in Cook County: 34% against 32%.
The typical rent in Wheeling rose 32% over the same time; in Cook County, it rose 28%.
Here income did not keep up with housing: it rose 24%, while home values changed +34% and rent +32%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wheeling and its comparisons
Measure
Wheeling
Cook County
Illinois
United States
Rental vacancy
Unreliable estimate
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
7.0%
3.3%
2.5%
3.4%
People per household
2.49
2.43
2.46
2.53
Drive alone
69%
55%
66%
69%
Carpool
11%
8%
8%
9%
Public transit
2%
12%
6%
3%
Walk or bike
2%
5%
3%
3%
Work from home
14%
19%
16%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
More households are short on space in Wheeling: 7.0% have more than one person per room; in Cook County, 3.3%.
By size, households in Wheeling look like those in Cook County: 2.49 people on average.
In Wheeling, 11% of workers share a car to get to work; in Cook County, 8%.
Do the math
What would you pay each month for a home in Wheeling?
A typical home is tight for the typical income
We start with a typical home in Wheeling, worth $266,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Wheeling, which is $85,205 a year. For that payment to be 28% of income, a household would need to earn about $107,171 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Wheeling. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $9,317 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,501
at 7.18% · 30 years
Loan amount
$261,378
Total interest
$376,062
Paid off in
November 2056
Includes $4,495 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,988 a month
Tight
$1,988 to $2,556 a month
Your payment · 35%
Hard
more than $2,556 a month
Compared with the typical household income in Wheeling ($85,205 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,771
Property tax
$501
Home insurance
$111
FHA mortgage insurance (MIP)
$118
You need at least $9,317 for the down payment, plus closing costs.
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.
Total monthly payment $2,501; principal and interest $1,771.
The city and its county
Wheeling and Cook County
Wheeling 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).
Wheeling
Map of Cook County, Illinois, with Wheeling marked. Around it, the neighboring counties.
Wheeling
Cook County
Other cities with a page
Wheeling's own numbers
Typical home value
$266,200
Typical monthly rent
$1,663
Typical yearly household income
$85,205
Households that own their home
63%
Effective property tax rate
2.26%
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.
A typical home in Wheeling is worth $266,200: 18% below the county and about the same as Illinois. With the typical household income in Wheeling ($85,205 a year), a typical home costs 3.1 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.
Wheeling3.1 years
Cook3.9 years
Illinois3.2 years
United States4.1 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.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
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
Wheeling 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
Wheeling$266,200
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Wheeling$1,663
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Wheeling$85,205
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Wheeling next to Cook County and Illinois
Measure
Wheeling
Cook County
Illinois
U.S.
Typical home value
$266,200 ▼18% below the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,663 ▲16% above the county
$1,435
$1,274
$1,413
Typical yearly household income
$85,205 ▲2% above the county
$83,498
$83,390
$80,734
Households that own their home
63% ▲5 points above the county
58%
67%
65%
Typical yearly property tax
$6,029 ▼3% below the county
$6,191
$5,298
$3,119
Effective property tax rate
2.26% ▲0.35 points above the county
1.91%
2.01%
0.94%
Renters with high rent for their income
46% ▼3 points below the county
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 Wheeling
For a typical $266,200 home in Wheeling, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wheeling's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,501a month
Least cash to close
Down payment
$9,317
Cash to close
$17,303
Rate
7.18%
Mortgage insurance
FHA MIP · $118
Conventional, 5% down$2,452a month
Down payment
$13,310
Cash to close
$21,296
Rate
7.18%
Mortgage insurance
PMI · $126
Conventional, 20% down, no PMI$2,055a month
Down payment
$53,240
Cash to close
$61,226
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,301a month
Down payment
$39,930
Cash to close
$47,916
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wheeling
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,501
$9,317
$261,378
7.18%
FHA MIP · $118
$17,303
580
Conventional, 5% down
$2,452
$13,310
$252,890
7.18%
PMI · $126
$21,296
620*
Conventional, 20% down, no PMI
$2,055
$53,240
$212,960
7.18%
None
$61,226
620*
ITIN, 15% down (example)
$2,301
$39,930
$226,270
8.18%
None
$47,916
Set by the lender
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.
Typical rent in Wheeling is $1,663 a month: 16% above the county. In Wheeling, 46% 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.
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.
No down payment, repair or rent-help program on our list is for Wheeling or Cook County. The ones below are statewide in Illinois: they work in Wheeling the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Wheeling or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Wheeling 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 Wheeling?
The typical home value in Wheeling is $266,200, 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 Wheeling?
Typical rent in Wheeling is $1,663 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 Wheeling?
Wheeling 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 Wheeling?
The typical homeowner in Wheeling pays $6,029 a year, according to the U.S. Census Bureau. That is 2.26% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Wheeling?
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.
