Illinois, IL housing market
The typical Illinois home is worth about $290,000, up 6.1% in a year, close to the Illinois typical home.
Home values, sales, trends and how Illinois compares with the towns next door — updated as new data is published.
Illinois at a glance
Typical home value, 2017–2026
Show as a table
| January | Illinois | Illinois |
|---|---|---|
| 2018 | $214,000 | $190,000 |
| 2019 | $219,000 | $195,000 |
| 2020 | $221,000 | $200,000 |
| 2021 | $234,000 | $215,000 |
| 2022 | $251,000 | $236,000 |
| 2023 | $252,000 | $248,000 |
| 2024 | $270,000 | $263,000 |
| 2025 | $272,000 | $278,000 |
| 2026 | $290,000 | $290,000 |
| August 2026 | $290,000 | $298,000 |
A two-bedroom rents for about $1,150
HUD's Fair Market Rent for a two-bedroom in Illinois is $1,150 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $830 · 4 bedrooms $1,790
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61259; Davenport-Moline-Rock Island, IA-IL MSA), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.