Quick facts: Warrenville, IL

Quick Facts

102.4
Cost of Living
above US average
14,841
Population
0.81
Crime Rate per 1000
below US average
$95,919
Median Income
above US average
$374,900
Median House Price
above US average
$2516.26
Average Rent
above US average
4%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $95,919.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $374,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $95,919
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Income Needed to Rent

⚠ Stretch
$108k/year
Based on $2516.26/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $108k vs median $95,919
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Warrenville, IL

Warrenville, located in DuPage County, Illinois, is a charming suburb of Chicago. Nestled within a picturesque landscape, it offers a mix of residential neighborhoods and natural beauty, with easy access to the nearby DuPage River. The city's rich history dates back to the mid-1800s and was originally a hub for farming and industry. Today, Warrenville is known for its welcoming community atmosphere, excellent public schools, and a variety of parks and recreational facilities, including the popular Warrenville Park District. The city provides ample opportunities for outdoor activities, like hiking and biking along the numerous trails. Warrenville's strategic location, just 30 miles west of Chicago, allows for convenient commuting while still retaining a suburban feel. Its proximity to major highways, like I-88 and I-355, enhances accessibility to nearby cities and attractions. The area features a mix of dining, shopping, and entertainment options, making it a convenient and pleasant place to live. Overall, Warrenville is a vibrant community that balances urban convenience with suburban charm.

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