Illinois housing market: home prices by city and forecast
Illinois home prices: according to the Zillow Home Value Index, the typical Illinois home was worth $295,943 in September 2026, up 5.3% from a year earlier.
- Typical value of a home
- $295,943September 2026, Zillow ZHVI
- Change over 12 months
- +5.3%US +1.2%
- Change over 10 years
- +68.6%US +77.4%
- Multiple, measured since 2000
- ×2.29US ×2.99
- Home price against income
- 3.6. The median income is $83,211.
By typical home value, Illinois ranks 35th; for the 12-month change it is 3rd; for growth since 2000, 44th of 47; for price to income, 40th. These ranks cover the 50 states and DC, highest first.
Illinois home prices since 2000
In January 2000, the typical Illinois home was worth $129,290, compared with $295,943 later. Its highest monthly value was $295,943 in September 2026.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $132,681 | $143,486 | $154,791 | $166,549 | $179,778 | $195,277 | $208,714 | $212,042 | $201,059 | $178,634 |
| 2010s | $166,979 | $152,890 | $143,884 | $148,393 | $160,105 | $166,389 | $174,605 | $182,679 | $190,798 | $195,907 |
| 2020s | $202,643 | $223,821 | $244,927 | $252,305 | $267,895 | $279,372 |
Illinois home prices since 1975: the FHFA index
Illinois registered 825 on FHFA's repeat-sales index in 2025 (1975 = 100). The index was up 6.0% from a year earlier in Q2 2026.
Owners reported these values in the Census of Housing: Illinois stood at $3,277 in 1940, then at $130,800 in 2000.
| Census year | Illinois median value | US median value |
|---|---|---|
| 1940 | $3,277 | $2,938 |
| 1950 | $8,646 | $7,354 |
| 1960 | $14,700 | $11,900 |
| 1970 | $19,800 | $17,000 |
| 1980 | $52,800 | $47,200 |
| 1990 | $80,900 | $79,100 |
| 2000 | $130,800 | $119,600 |
No inflation adjustment is applied. Census of Housing tables
Home prices in Illinois by city
Pages are available for 4 cities, listed from largest to smallest:
| City | Typical value of a home | Change over 12 months | Multiple, measured since 2000 |
|---|---|---|---|
| Chicago | $334,108 | +5.6% | ×2.23 |
| Naperville | $618,458 | +4.5% | ×2.45 |
| Rockford | $185,067 | +9.5% | ×2.79 |
| Peoria | $136,279 | +5.2% | |
| Aurora | $323,277 | +3.3% | |
| Joliet | $267,651 | +1.3% | |
| Elgin | $340,323 | +4.7% | |
| Springfield | $174,110 | +6.8% | |
| Plainfield | $428,671 | +1.8% | |
| Champaign | $236,141 | +3.8% | |
| Waukegan | $247,411 | +6.9% | |
| Bloomington | $268,640 | +2.2% | |
| Cicero | $278,173 | +5.2% | |
| Decatur | $104,647 | +3.5% | |
| Arlington Heights | $492,580 | +8.9% |
Zillow Home Value Index, September 2026.
Illinois price forecasts for metro areas
The 12-month forecasts by Zillow, from September 2026 for 3 Illinois metro areas, span a range between +2.7% and +5.1%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Chicago, IL | +1.1% | +2.7% |
| Rockford, IL | +1.6% | +5.1% |
| Peoria, IL | +1.5% | +4.7% |
This is Zillow's estimate, not investment advice.
Living costs in Illinois
Illinois has a price level of 100.0 (US 100): 93.9 for housing, 103.8 for goods, 85.0 for utilities, and 100.2 for other services (BEA). Median household income is $83,211, while median gross rent is $1,322 a month (Census ACS 2024). Of all homes, 68% are owner-occupied, and the median year built is 1971.
All states: cost of living in each state; city pages: Chicago.
How to read this chart
The first chart shows dollar values and reaches its peak of $295,943 in September 2026. The second chart uses an index: the Illinois line ends at 825, so home prices there reach 8.3 times the 1975 level. Neither figure corrects for inflation.