Harvard, IL housing market
The typical Harvard home is worth about $279,000, up 3.4% in a year, 6% below the Illinois typical home.
Home values, sales, trends and how Harvard compares with the towns next door — updated as new data is published.
Harvard at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Harvard | Illinois |
|---|---|---|
| 2017 | $156,000 | $181,000 |
| 2018 | $166,000 | $190,000 |
| 2019 | $173,000 | $195,000 |
| 2020 | $183,000 | $200,000 |
| 2021 | $197,000 | $215,000 |
| 2022 | $223,000 | $236,000 |
| 2023 | $235,000 | $248,000 |
| 2024 | $248,000 | $263,000 |
| 2025 | $264,000 | $278,000 |
| 2026 | $276,000 | $290,000 |
| August 2026 | $279,000 | $298,000 |
17 new homes permitted in 2025
Builders were permitted 17 new homes in Harvard in 2025: 13 single-family houses and 4 in buildings with two or more homes, worth about $3.3 million to build. That's 1.8 per 1,000 residents, about the pace of Illinois as a whole. Over the past 10 years, Harvard has permitted 99 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Harvard gained 22 residents while 10 new homes were permitted: about 2.2 new residents per new home. Building and growth moved roughly in step.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 16 | 8 | 8 | $2.7 million |
| 2025 | 17 | 13 | 4 | $3.3 million |
| 2024 | 52 | 14 | 38 | $8.2 million |
| 2023 | 15 | 7 | 8 | $3 million |
| 2022 | 3 | 3 | 0 | $750,000 |
| 2021 | 5 | 5 | 0 | $1.2 million |
| 2020 | 2 | 2 | 0 | $425,000 |
| 2019 | 3 | 3 | 0 | $540,000 |
| 2018 | 1 | 1 | 0 | $200,000 |
| 2017 | 1 | 1 | 0 | $165,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 2 | 2 | 0 | $300,000 |
| 2013 | 1 | 1 | 0 | $200,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $300,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 11 | 11 | 0 | $2.5 million |
| 2007 | 19 | 17 | 2 | $4.1 million |
| 2006 | 83 | 65 | 18 | $16.4 million |
| 2005 | 197 | 119 | 78 | $31.5 million |
| 2004 | 88 | 80 | 8 | $12.5 million |
| 2003 | 89 | 73 | 16 | $12.4 million |
| 2002 | 89 | 65 | 24 | $11.3 million |
| 2001 | 61 | 52 | 9 | $6.7 million |
| 2000 | 90 | 40 | 50 | $5.7 million |
How Harvard ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Harvard and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Harvard | $279K | +3.4% | $1,450 | 17 | $67,617 |
| Lawrence | — | +12.3%† | $1,450 | — | $46,862 |
† FHFA price index change, where Zillow has no home value for the town.
4.1 years of income
The typical Harvard home costs about 4.1 years of the town's median household income, more than across Illinois (3.6 years).
How Harvard ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,450
HUD's Fair Market Rent for a two-bedroom in Harvard is $1,450 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Harvard pay a median of $1,183, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $1,200 · 4 bedrooms $2,160
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (60033; Chicago-Joliet-Naperville, IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Harvard
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.