Arlington Heights is a high-ownership, high-value housing market by suburban Cook County standards. Here’s what the public data shows, and how the Bears proposal fits into the property picture.
Key housing numbers
| Measure | Value | Source / period |
|---|---|---|
| Owner-occupied rate | 74.0% | ACS 2020-2024 |
| Median value, owner-occupied homes | $414,500 | ACS 2020-2024 |
| Median value, owner-occupied homes (1-year) | $441,400 | ACS 2024 1-year (Census Reporter) |
| Housing units | about 32,500 | ACS 2024 1-year (Census Reporter) |
| Households | 31,466 | ACS 2020-2024 |
| Median gross rent | $1,760 | ACS 2020-2024 |
The two median-value figures differ because the 5-year estimate averages survey responses from 2020 through 2024, while the 1-year figure reflects 2024 alone, when prices were higher. Both are based on owners’ own estimates of what their homes are worth, not sale prices.
Monthly housing costs
| Median monthly housing costs in Arlington Heights | $ |
|---|---|
| Owners with a mortgage | 2,642 |
| Renters (gross rent) | 1,760 |
| Owners without a mortgage | 1,033 |
Property taxes
Arlington Heights properties sit in Cook County, where the Assessor revalues each region every three years. The north and northwest suburbs, including the townships that contain Arlington Heights, were reassessed in 2025. Look up your assessment, exemptions and appeal deadlines at the Cook County Assessor’s Office.
Your bill is split among many taxing bodies: the village, one of several elementary districts, a high school district, Harper College, the library, the park district, the county and others. See Schools and Taxing Districts.
What the stadium could mean for home values
There’s little hard data yet. A 2023 Chicago Tribune analysis, reported by The Real Deal, found median sale prices in the three ZIP codes closest to Arlington Park rose 14% in the year after the Bears’ 2021 announcement, compared with 5% across the metro area. Local officials at the time credited schools and quality of life as much as the Bears. I haven’t found comparable data for 2025 or 2026 and will add it here when it’s available.
The bigger tax question is what happens to the Arlington Park site itself. Its value is fixed at $124.7 million under a 2024 agreement only for tax years 2025-2027. State legislation under discussion would exempt a publicly owned stadium from property tax, which would shift how much the surrounding development contributes to local taxing bodies.
Sources
- U.S. Census Bureau: QuickFacts, Arlington Heights
- Census Reporter: Arlington Heights, IL (ACS 2024)
- Cook County Assessor: North suburban 2025 reassessment
- The Real Deal: Home price growth near new Bears stadium site outruns region
- Patch: Bears would pay $3.6M property taxes under Arlington Park agreement