Illinois Housing Market

Price & Demand Distribution

$335,515

$1,862

Momentum & Risk Signals

28.6%

67.9%

8.9%

5.4%

How Illinois compares

Median across the ZIP codes tracked in each state, on identical definitions.

State	Median home value	Median rent		State income tax	ZIPs tracked
New York	$1,118,052	$4,756	20.8%	10.9% top rate	53
California	$911,968	$2,738	14.6%	13.3% top rate	96
Washington	$790,152	$2,290	25.0%	None	24
Massachusetts	$788,761	$3,209	20.7%	5% flat	29
Florida	$602,196	$2,736	13.3%	None	30
Georgia	$378,382	$1,891	17.9%	5.39% flat	28
Illinois	$335,515	$1,862	28.6%	4.95% flat	56
Texas	$296,043	$1,594	25.3%	None	186

Income tax is the top marginal rate on wages for the 2025 tax year, from the Illinois Department of Revenue. A flat rate and a graduated top rate are not the same measure, so the structure is named alongside it.

State vs Tracked-Market Average

-47.40%

-23.60%

+15.0

+7.70%

Data availability vs average

-66.50%

Across 56 measured ZIP markets in Illinois, the median ZIP home value is $335,515 and the median ZIP rent is $1,862. 28.6% of measured ZIP markets show softer conditions. 67.9% of measured ZIP markets show rising price-cut pressure.

Key stats

28.6% of measured ZIP markets show softer conditions.
67.9% of measured ZIP markets show rising price-cut pressure.
The middle ZIP home value is -47.4% versus the tracked-market benchmark.
Month over month, the median ZIP market moved 0.0% on inventory and -3.1% on buyer competition.
The middle ZIP rent is -23.6% versus the tracked-market benchmark.

Measured ZIP markets: 56
Median ZIP home value: $335,515
Median ZIP rent: $1,862
Median buyer competition: 62

Price and rent across local markets

The middle ZIP home value is -47.4% versus the tracked-market benchmark. The middle ZIP rent is -23.6% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $257,864 to $394,981. The middle half of tracked ZIP rents runs from $1,662 to $2,448. Buyer competition across local ZIP markets runs from 55 at the 25th percentile to 67 at the 75th.

How broadly conditions are changing

28.6% of measured ZIP markets show softer conditions. 67.9% of measured ZIP markets show rising price-cut pressure. 10.7% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved 0.0% on inventory and -3.1% on buyer competition. 8.9% of measured ZIP markets show accelerating new-listing supply. 5.4% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is +7.7% versus the tracked-market benchmark.

Continue your market research

Cook County marketContinue from the regional view to a more specific local market.

Sources and method

HomeMarketCap.com data sources: local housing-market datasets
HomeMarketCap.com methodology: regional aggregation rules

Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.

Area profile & market context

Population

2,694,535

Population density

6,454 / sq mi