Similar to nearby areas, it is a bit more expensive compared to the US as a whole. Compared to the city of Chicago, it's close to average.
Home prices
The median home in Algonquin is valued at $255,700. It is roughly $5,480 (2%) lower compared to other places in this area.In comparison to the country as a whole it is roughly $38,200 (17%) higher, and it is is very similar in comparison to the city of Chicago.
Rents
Algonquin's median rent is $1,677 a month. This is approximately $31 (1%) higher in comparison to its nearby areas.In comparison to the country as a whole it is approximately $615 (57%) higher, and compared to the city of Chicago it is roughly $565 (50%) higher.
Nearby places
Lake in the Hills
Lake in the Hills is Algonquin's neighbor to the northwest. Real estate prices there are a little less expensive. The median home value in Lake in the Hills is $227,100, which comes out to $28,600 (12%) lower than Algonquin. Rents there are a bit less expensive. The median monthly rent in Lake in the Hills is $1,409, which works out to $268 (19%) lower than Algonquin.
Carpentersville
Carpentersville is Algonquin's neighbor to the southeast. Its real estate prices are a lot less expensive. The price of the median home in Carpentersville is $171,600, which is $84,100 (49%) lower than Algonquin. Rents there are a lot less expensive. The median monthly rent in Carpentersville is $1,161, which works out to $516 (44%) lower than Algonquin.
Trout Valley
Trout Valley is approximately 3 miles northeast of Algonquin. The real estate prices there are significantly more expensive. Trout Valley's median home cost is $381,100, which is $125,400 (32%) higher than Algonquin. Rents there are somewhat more expensive. In Trout Valley the median monthly rent is $2,333, which is $656 (28%) higher than Algonquin.
West Dundee
West Dundee is about 4 miles south from Algonquin. The real estate prices there are similar. The median home in West Dundee is valued at $264,800, which works out to $9,100 (3%) higher than Algonquin. Its rents are a little less expensive. West Dundee's median monthly rent is $1,281, which comes out to $396 (30%) lower than Algonquin.
Gilberts
Gilberts is about 4 miles southwest from Algonquin. Real estate prices there are fairly similar. The median home in Gilberts is valued at $261,300, which is $5,600 (2%) higher than Algonquin. Rents there are somewhat more expensive. Gilberts's median monthly rent is $2,045, which works out to $368 (17%) higher than Algonquin.
