The typical home in Chicago is listed at $493,000, +5.4% on a year earlier. Projected forward, a typical home would be worth about $520,000 in 2027 and $666,000 in 2031.
The first 2 years follow this year's change in list prices (+5.4%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+6.7% a year).
Chicago home values by year
| Year | Typical home value | Annual change used |
|---|---|---|
| 2026 (now) | $493,000 | — |
| 2027 (projected) | $520,000 | +5.4% (this year's listings) |
| 2028 (projected) | $548,000 | +5.4% (this year's listings) |
| 2031 (projected) | $666,000 | +6.7% (FHFA 2020–2025) |
Homes for sale in these ZIP codes have been on the market a median of 10 days.
By ZIP code
| ZIP | Median list price | A year ago | Sale listings | FHFA trend 2020–2025 |
|---|---|---|---|---|
| 60629 | $345,000 | $324,000 | 148 | +7.4%/yr |
| 60618 | $699,900 | $649,900 | 226 | +5.9%/yr |
| 60632 | $374,900 | $319,000 | 148 | +6.4%/yr |
| 60647 | $725,000 | $599,000 | 221 | +6.2%/yr |
| 60639 | $410,000 | $398,900 | 127 | +6.6%/yr |
| 60608 | $405,000 | $415,000 | 136 | +6.1%/yr |
| 60617 | $209,900 | $219,900 | 290 | +7.2%/yr |
| 60625 | $394,900 | $395,000 | 135 | +7.3%/yr |
| 60623 | $259,900 | $225,000 | 165 | +8.9%/yr |
| 60634 | $455,000 | $399,900 | 199 | +6.4%/yr |
| 60657 | $589,000 | $614,990 | 246 | +7.5%/yr |
| 60614 | $779,000 | $775,000 | 284 | +4.6%/yr |
Read this with care
List prices are what sellers ask, not what homes sell for, and a one-year change in them can swing with what happens to be on the market. The FHFA trend covers 2020 to 2025, including the pandemic-era run-up, so it may overstate where prices go from here. The projection is both trends carried forward, not a call on the next turn.
Source: RentCast market data for 12 of Chicago's 56 ZIP codes (the most populous, home to 37% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
What will homes in Chicago, IL be worth in 2027?
A typical $493,000 home would be worth about $520,000 in 2027. The first 2 years follow this year's change in list prices (+5.4%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+6.7% a year).
What is the typical home price in Chicago, IL?
The typical list price is $493,000, across 2,325 active sale listings in 12 ZIP codes.
Are home prices in Chicago going up or down?
Over the past year, list prices in these ZIP codes moved +5.4%. The longer FHFA trend from 2020 to 2025 is +6.7% a year.