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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Glencoe, IL Housing Affordability Index

Glencoe, Illinois has an MBR Housing Affordability Index score of 74.8 (Moderately Less Affordable) as of October 30, 2026, ranking 1247th most affordable of 1,249 scored Illinois cities, compared with 102.2 statewide and 97.4 nationally. On a median-priced $1,432,500 home with 20% down, a jumbo loan at 7.56% means a monthly principal and interest payment of about $8,063, or 39% of the city’s $248,933 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Glencoe is updated every night from live Illinois mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Glencoe MBR-HAI 74.8 Moderately Less Affordable
Rank in Illinois 1,247 of 1,249 1 = most affordable
Illinois 102.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Illinois lenders
Median home value $1,432,500 U.S. Census Bureau

Glencoe is 27.4 points below the Illinois score. Scores as of October 30, 2026. See the Illinois index

View Glencoe Mortgage Rates

What It Takes to Buy in Glencoe

$8,063/mo
Principal & Interest
Median home, 20% down, 7.56% jumbo
$345,600
Income Needed
To keep the payment at 28% of income
$248,933
Median Household Income
Illinois: $83,390
5.8x
Price-to-Income Ratio
Illinois: 3.2x
$4,206/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,987/yr
Median Property Tax
Illinois figure
35.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
40.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Glencoe, Illinois. The rate is the Illinois average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

How Glencoe Ranks in Illinois

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Cite the Glencoe Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Glencoe, Illinois score: 74.8 (Moderately Less Affordable), ranked 1,247 of 1,249 Illinois cities. monitorbankrates.com/housing-affordability-index/illinois/glencoe”