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Cities with the most expensive homes in Illinois

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Cities with the most expensive homes in Illinois

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers. High mortgage rates are also making monthly payments more expensive; as of May 4, the 30-year fixed mortgage rate sits at 6.39%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in Illinois using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of March 2023. The charts in this story were created automatically using Matplotlib.

All 30 cities on the list are in the Chicago-Naperville-Elgin, IL-IN-WI metro area.

Read on to see which cities made the list.

1 / 30 Stacker

#30. Tower Lakes

– Typical home value: $521,632
– 1-year price change: +4.3%
– 5-year price change: +26.9%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

2 / 30 Stacker

#29. Clarendon Hills

– Typical home value: $530,397
– 1-year price change: +5.2%
– 5-year price change: +22.2%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

3 / 30 Stacker

#28. Northbrook

– Typical home value: $534,654
– 1-year price change: +2.5%
– 5-year price change: +16.5%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

4 / 30 Stacker

#27. Campton Hills

– Typical home value: $540,643
– 1-year price change: +3.8%
– 5-year price change: +33.8%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

5 / 30 Stacker

#26. Lincolnshire

– Typical home value: $577,141
– 1-year price change: +5.1%
– 5-year price change: +16.3%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

6 / 30 Stacker

#25. River Forest

– Typical home value: $579,725
– 1-year price change: +3.8%
– 5-year price change: +22.7%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

7 / 30 Stacker

#24. Wayne

– Typical home value: $587,227
– 1-year price change: +5.4%
– 5-year price change: +28.5%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

8 / 30 Stacker

#23. Hawthorn Woods

– Typical home value: $597,292
– 1-year price change: +5.3%
– 5-year price change: +21.5%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

9 / 30 Stacker

#22. Highland Park

– Typical home value: $602,612
– 1-year price change: +5.4%
– 5-year price change: +22.0%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

10 / 30 Stacker

#21. Deer Park

– Typical home value: $610,099
– 1-year price change: +3.9%
– 5-year price change: +18.5%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

11 / 30 Stacker

#20. Inverness

– Typical home value: $639,404
– 1-year price change: +3.3%
– 5-year price change: +16.3%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

12 / 30 Stacker

#19. Northfield

– Typical home value: $641,080
– 1-year price change: +2.8%
– 5-year price change: +12.4%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

13 / 30 Stacker

#18. Western Springs

– Typical home value: $658,977
– 1-year price change: +4.4%
– 5-year price change: +23.4%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

14 / 30 Stacker

#17. Burr Ridge

– Typical home value: $664,984
– 1-year price change: +2.3%
– 5-year price change: +17.4%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

15 / 30 Stacker

#16. Kildeer

– Typical home value: $692,927
– 1-year price change: +3.7%
– 5-year price change: +18.6%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

16 / 30 Stacker

#15. North Barrington

– Typical home value: $716,118
– 1-year price change: +5.0%
– 5-year price change: +26.1%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

17 / 30 Stacker

#14. Wilmette

– Typical home value: $724,874
– 1-year price change: +4.6%
– 5-year price change: +22.5%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

18 / 30 Stacker

#13. Oak Brook

– Typical home value: $732,996
– 1-year price change: +4.9%
– 5-year price change: +19.4%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

19 / 30 Stacker

#12. Mettawa

– Typical home value: $737,362
– 1-year price change: +5.0%
– 5-year price change: +25.0%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

20 / 30 Stacker

#11. Long Grove

– Typical home value: $738,803
– 1-year price change: +5.5%
– 5-year price change: +21.4%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

21 / 30 Stacker

#10. Riverwoods

– Typical home value: $763,070
– 1-year price change: +4.8%
– 5-year price change: +14.1%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

22 / 30 Stacker

#9. Barrington Hills

– Typical home value: $797,237
– 1-year price change: +3.9%
– 5-year price change: +25.4%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

23 / 30 Stacker

#8. South Barrington

– Typical home value: $893,201
– 1-year price change: +5.0%
– 5-year price change: +19.2%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

24 / 30 Stacker

#7. Golf

– Typical home value: $912,142
– 1-year price change: +2.8%
– 5-year price change: +31.9%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

25 / 30 Stacker

#6. Hinsdale

– Typical home value: $928,408
– 1-year price change: +7.2%
– 5-year price change: +9.0%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

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26 / 30 Stacker

#5. Lake Forest

– Typical home value: $944,970
– 1-year price change: +6.6%
– 5-year price change: +21.8%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

27 / 30 Stacker

#4. Bannockburn

– Typical home value: $974,862
– 1-year price change: +5.3%
– 5-year price change: +19.3%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

28 / 30 Stacker

#3. Glencoe

– Typical home value: $1,128,911
– 1-year price change: +8.0%
– 5-year price change: +36.0%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

29 / 30 Stacker

#2. Winnetka

– Typical home value: $1,324,052
– 1-year price change: +7.1%
– 5-year price change: +33.1%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

30 / 30 Stacker

#1. Kenilworth

– Typical home value: $1,485,408
– 1-year price change: +5.3%
– 5-year price change: +30.9%
– Metro area: Chicago-Naperville-Elgin, IL-IN-WI

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