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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

Vernon Hills, IL Housing Affordability Index

Vernon Hills, Illinois has an MBR Housing Affordability Index score of 99.6 (Near National Average) as of October 30, 2026, ranking 1125th most affordable of 1,249 scored Illinois cities, compared with 102.2 statewide and 97.4 nationally. On a median-priced $412,300 home with 20% down, the Illinois average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $2,264, or 22% of the city’s $121,943 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Vernon Hills 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.

Vernon Hills MBR-HAI 99.6 Near National Average
Rank in Illinois 1,125 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 $412,300 U.S. Census Bureau

Vernon Hills is 2.6 points below the Illinois score. Scores as of October 30, 2026. See the Illinois index

View Vernon Hills Mortgage Rates

What It Takes to Buy in Vernon Hills

$2,264/mo
Principal & Interest
Median home, 20% down, 7.31%
$97,000
Income Needed
To keep the payment at 28% of income
$121,943
Median Household Income
Illinois: $83,390
3.4x
Price-to-Income Ratio
Illinois: 3.2x
$1,917/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,987/yr
Median Property Tax
Illinois figure
26.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
45.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Vernon Hills, Illinois. The rate is the Illinois average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Vernon Hills Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Vernon Hills, Illinois score: 99.6 (Near National Average), ranked 1,125 of 1,249 Illinois cities. monitorbankrates.com/housing-affordability-index/illinois/vernon-hills”