Home prices
The median home value in Lombard is $261,200. Compared to its surrounding areas this is about $76,660 (22%) lower.Compared to the rest of the country it is about $43,700 (20%) higher, and is about $3,200 (1%) higher in comparison to the city of Chicago.
Rents
The median rent in Lombard is $1,438 per month. Compared to nearby areas this is roughly $157 (12%) higher.Compared to the nation as a whole it is about $376 (35%) higher, and it is approximately $326 (29%) higher in comparison to the city of Chicago.
Nearby places
Villa Park
Villa Park is Lombard's neighbor to the northeast. Its housing prices are somewhat less expensive. The value of the median home in Villa Park is $245,800, which comes out to $15,400 (6%) lower than Lombard. Its rents are a bit less expensive. In Villa Park the median monthly rent is $1,161, which comes out to $277 (23%) lower than Lombard.
Glen Ellyn
Glen Ellyn is Lombard's neighbor to the west. The housing prices there are a lot more expensive. The median home in Glen Ellyn is valued at $453,900, which works out to $192,700 (42%) higher than Lombard. Rents there are a little less expensive. Glen Ellyn's median monthly rent is $1,106, which works out to $332 (30%) lower than Lombard.
Addison
Addison is Lombard's neighbor to the north. The housing prices there are fairly similar. The median home in Addison costs $250,100, which is $11,100 (4%) lower than Lombard. Rent there is substantially less expensive. Addison's median rent is $1,058 per month, which works out to $380 (35%) lower than Lombard.
Oakbrook Terrace
Oakbrook Terrace is approximately 2 miles southeast from Lombard. Its real estate prices are a bit more expensive. Oakbrook Terrace's median home price is $306,900, which comes out to $45,700 (14%) higher than Lombard. Rent there is somewhat more expensive. The median rent in Oakbrook Terrace is $1,584 per month, which works out to $146 (9%) higher than Lombard.
Elmhurst
Elmhurst is about 3 miles northeast of Lombard. Its real estate prices are significantly more expensive. The median home in Elmhurst costs $432,600, which is $171,400 (39%) higher than Lombard. The rent there is fairly similar. Elmhurst's median rent is $1,497 per month, which is $59 (3%) higher than Lombard.
