Why Live in Arlington Heights
Arlington Heights combines cultural attractions and outdoor recreation, with the Metropolis Performing Arts Centre hosting live theater and concerts while Lake Arlington provides scenic spots for kayaking, paddleboating, and fishing. The Arlington Heights Memorial Library serves as a community hub, complemented by the Arlington Heights Historical Museum which preserves local heritage through exhibits in historic buildings. North School Park features landscaped gardens and hosts summer concerts, while multiple recreational facilities like Arlington Lakes Golf Club and Heritage Park provide year-round activities including tennis, basketball, and seasonal ice skating.
The housing market includes diverse options across distinct neighborhoods. The median sale price in Arlington Heights is $455,400, with median single-family home prices reaching $560,000. In the Ivy Hill neighborhood, the median price for single-family homes is $605,000, while areas like Westgate show median prices of $487,500. The Arlington Heights Central Business District features condos, with median prices of $278,000 for one-bedroom units and $415,000 for two-bedroom units.
Property taxes in Arlington Heights reflect Cook County's effective rate of 1.98%, while Illinois maintains a state income tax rate of 4.95%. The combined sales tax rate is 8.89%, including state and local portions. The community benefits from excellent schools, including John Hersey High School and Prospect High School, both rated A+ by Niche. Two Metra stations on the Union Pacific Northwest Line connect residents to downtown Chicago, with the trip taking approximately 25 miles. The Northwest Community Healthcare Hospital provides comprehensive medical care within the village. Annual events like the Frontier Days Festival and Arlington on Tap Craft Beer Fest strengthen community bonds, while restaurants such as Palm Court and Francesca's Tavola create a sophisticated dining scene.
Home Trends in Arlington Heights, IL
On average, homes in Arlington Heights, IL sell after 15 days on the market compared to the national average of 70 days. The median sale price for homes in Arlington Heights, IL over the last 12 months is $240,000, up 30% from the median home sale price over the previous 12 months.
Median Sale Price
$240,000
Median Single Family Sale Price
$1,185,000
Median Townhouse Sale Price
$485,000
Median 2 Bedroom Sale Price
$239,000
Median 1 Bedroom Sale Price
$168,000
Average Price Per Sq Ft
$226
Number of Homes for Sale
10
Last 12 months Home Sales
275
Median List Price
$245,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
30%