Chicago home values (September 2026)
The typical home in the Chicago, IL metro is worth $355,650, +5% over the last 12 months. Updated monthly from Zillow Research data.
- Typical value
- $355,650
- 1-year change
- +5%
- 5-year change
- +27.9%
- 10-year change
- +66.7%
Where Chicago stands
- #55 most expensive of the 100 largest U.S. metros; #5 by 1-year price growth.
- At or near its all-time high ($355,650).
Home equity in Chicago
At an 85% combined loan-to-value cap, a typical $355,650 home supports up to $302,302 of total borrowing. With a typical mortgage still owed, about $103,138 of equity would be available as a line of credit. Run your own numbers in the HELOC calculator.
Compare nearby metros
- Dallas, TX — $358,242 (-2% 1-yr)
- Tampa, FL — $356,843 (-0.9% 1-yr)
- Grand Rapids, MI — $355,636 (+4.9% 1-yr)
- Jacksonville, FL — $350,574 (-0.1% 1-yr)
Frequently asked questions
What is the typical home value in Chicago?
The typical home in the Chicago, IL metro area is worth about $355,650 as of September 2026, according to the Zillow Home Value Index (mid-tier homes, seasonally adjusted). That ranks #55 of the 100 largest U.S. metros.
Are home prices in Chicago going up or down?
Over the past 12 months the typical value changed +5% (#5 of 100 large metros by 1-year growth). Over 5 years it changed +27.9%, and over 10 years +66.7%. Values are at or near their all-time high.
How much home equity could a Chicago homeowner borrow against?
Lenders typically cap combined loan-to-value at about 85%. On a typical $355,650 home that's $302,302 of total borrowing; after a typical existing mortgage (about 56% of value) roughly $103,138 would remain as a line of credit. This is an illustration, not an offer — your figure depends on your own balance, credit and appraisal.
Data: Zillow Research, Zillow Home Value Index (all homes, mid tier, smoothed and seasonally adjusted), September 2026. Equity figures are illustrative. Download the full dataset.