Housing Market in Illinois

Compare median home prices, monthly mortgages, and rent-vs-own ratios across 5 cities.

Avg Home Price

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Monthly Mortgage

$---

vs. National

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below average

Cities Tracked

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Home Price Landscape

Zillow ZHVI

Median home values by city. Dashed line = national average ($467,370).

$594,498

$323,259

$312,457

$255,981

$172,610

City	Median Price	Mortgage/mo	Rent vs Own
Naperville	$594,498	$3,164	0.68
Elgin	$323,259	$1,721	1.01
Chicago	$312,457	$1,663	1.38
Joliet	$255,981	$1,362	1.14
Rockford	$172,610	$919	1.25

Zillow ZHVI — Zillow Home Value Index provides smoothed, seasonally-adjusted median home values per metro area.

Mortgage Model — 20% down, 7% 30-yr fixed. Property taxes, insurance, HOA are not included. Use as directional guidance only.

Rent vs Own Ratio — Monthly rent ÷ mortgage. Below 0.8 → buying favored. Above 1.2 → renting favored.

Updated monthly · March 2026

Crunching costs, sorting signals, rendering insights.