Buffalo Grove, IL has a population of 41,551, while the median age is 42. The household income in Buffalo Grove, IL is around $106,564. The homeownership rate among the residents is 78%. The median residential property value in Buffalo Grove, IL that you should keep in mind is $314,500.
Population | 41,551 |
Median Age | 42.2 |
Poverty Rate | 5% |
Household Income | $106,564 |
Number Of Employees | 22,837 |
Median Property Value | $314,500 |
Rent Price |
May | vs Last Month |
---|---|---|
1-bed apartments | $700 | -45.4% |
2-bed apartments | $2,145 | -8.8% |
3-bed apartments | $2,758 | +5.1% |
4+ bed apartments | $3,801 | +14.1% |
Over the May 2023, the average rent for an apartment in/near Buffalo Grove, IL increased by 5% to $2,578.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 45.4% to $700. Pricing for 2-bed apartment also decreased by 8.8% and a place of this size will now cost you $2,145. 3-bed apartment rent pricing starts at $2,758, it increased by 5.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 14.1% and made it up to $3,801.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $2,626 | +1.4% |
Condos for rent | $1,325 | -41.1% |
Apartments for rent | $2,668 | +13.2% |
Townhouses for rent | $2,050 | N/A |
The median rent for an apartment in Buffalo Grove, IL increased by 13.2% to $2,668. Statistics show that house rent price increased by 1.4% this month making it up to $2,626. Condos faced an upward trend these days. The median rent for a condo decreased by 41.1%, it’s now available for $1,325. Townhouse rent pricing didn’t change, the price still starts at $2,050.