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Data report · September 2026

The state of the Illinois housing market.

Median home value and city-by-city trends across Illinois, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Illinois median value

$195K

Zillow ZHVI, September 2026

Cities covered

26

with published pages

Report video

Monthly

per city, on each hub

The outlook

Illinois housing market forecast 2027

+2.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 886 Illinois ZIP codes, points to typical home values rising 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in Illinois rose 6.4%, per the Zillow Home Value Index.

Will home prices drop in Illinois?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Illinois shows typical home values rising 2.9% by September 2027, after a 6.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 886 Illinois ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Metro areas

Which Illinois metro areas does Zillow expect to rise or fall?

Zillow's 12-month home value forecast for each metro area whose principal city is in Illinois, through September 2027, largest first.

  1. 1Chicago, IL+2.7%
  2. 2Peoria, IL+4.7%
  3. 3Rockford, IL+5.1%
  4. 4Champaign, IL+4.2%
  5. 5Springfield, IL+5.1%
  6. 6Bloomington, IL+2.8%
  7. 7Carbondale, IL+3.5%
  8. 8Kankakee, IL+4.2%
  9. 9Decatur, IL+3.5%
  10. 10Quincy, IL+3.0%
  11. 11Danville, IL+2.4%
  12. 12Charleston, IL+4.7%
  13. 13Sterling, IL+3.0%
  14. 14Rochelle, IL+5.6%
  15. 15Galesburg, IL+2.9%
  16. 16Freeport, IL+7.4%
  17. 17Jacksonville, IL+2.2%
  18. 18Centralia, IL+3.0%
  19. 19Mount Vernon, IL+4.1%
  20. 20Pontiac, IL+6.2%
  21. 21Effingham, IL+1.7%
  22. 22Dixon, IL+5.1%
  23. 23Taylorville, IL+5.3%
  24. 24Lincoln, IL+2.6%
  25. 25Macomb, IL+3.0%

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Where values are climbing

Fastest appreciating Illinois cities

  1. 1Wilmette
    $1.01MUp13.9%
  2. 2Orangeville
    $217KUp11.7%
  3. 3Lake Forest
    $1.23MUp11.0%
  4. 4Oak Park
    $465KUp10.3%
  5. 5Evanston
    $579KUp9.9%
  6. 6Rockford
    $173KUp8.7%
  7. 7Westchester
    $369KUp7.3%
  8. 8Hoffman Estates
    $428KUp6.9%
  9. 9Chatham
    $307KUp6.7%
  10. 10Carbondale
    $195KUp6.6%

Where the market is cooling

Fastest cooling Illinois cities

  1. 1Peoria
    $121KDown9.4%
  2. 2East St. Louis
    $39KDown2.3%
  3. 3Joliet
    $227KFlat0.0%
  4. 4Belleville
    $181KUp0.6%
  5. 5Plainfield
    $392KUp1.7%
  6. 6Brussels
    $178KUp3.2%
  7. 7Champaign
    $204KUp3.6%
  8. 8Chicago
    $335KUp3.6%
  9. 9Algonquin
    $415KUp4.3%
  10. 10Schaumburg
    $350KUp4.6%

Priciest markets in the state

Most expensive Illinois cities by median value

  1. 1Lake Forest
    $1.23M
  2. 2Wilmette
    $1.01M
  3. 3Naperville
    $629K
  4. 4Evanston
    $579K
  5. 5Oak Park
    $465K
  6. 6Hoffman Estates
    $428K
  7. 7Crystal Lake
    $427K
  8. 8Skokie
    $421K
  9. 9Algonquin
    $415K
  10. 10Plainfield
    $392K

Common questions

What people ask us.

Will home prices go up in Illinois in 2027?

A weighted average of Zillow's ZIP forecasts, across 886 Illinois ZIP codes, points to typical home values rising 2.9% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

What is the typical home value in Illinois?

The typical home value in Illinois is $194,737 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.

How much have Illinois home values changed in the past year?

The median home value in Illinois changed +6.4% over the 12 months ending September 2026, based on the Zillow Home Value Index.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Illinois, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Illinois market index.