The Wheaton housing market is highly competitive and affluent. The housing stock is incredibly diverse, ranging from historic, century-old Victorian and Craftsman homes near the downtown and college areas, to large late-20th-century single-family subdivisions in the southern parts of the city.
Average home prices generally range from $400,000 to well over $800,000, depending on the neighborhood and proximity to the downtown train station. Renters will find a mix of older apartment complexes and newly constructed luxury mid-rises in the downtown core. While the area is known for wealth, there are ongoing community discussions and initiatives regarding the development of more affordable and senior housing to maintain a diverse population.