Market Overview
Home Prices in Algonquin, IL
The median home value in Algonquin, IL is $423,901 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Algonquin are priced3% above average. Algonquin is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Algonquin home values have risen by approximately39.6%, reflecting strong long-term appreciation in this market.
Price History
Algonquin Home Price Trend
City Comparison
Algonquin vs. National Median
At $423,901, homes in Algonquin cost 3% above the national median of $410,000. Buyers in Algonquin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Algonquin?
20% Down Payment
$84,780
on $423,901
Monthly P&I
$2,211/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,808/mo
incl. taxes & insurance
Income Needed
$112,320
gross annual (30% rule)
10% Down Option
$42,390
+ PMI applies
Loan Amount (20% dn)
$339,121
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Algonquin, IL?
The median home value in Algonquin is $423,901 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Algonquin?
Over the past year, home values in Algonquin have increased by 4.2%. Over five years, prices have risen approximately 39.6%.
How much do I need to earn to buy a home in Algonquin?
To comfortably afford the median home price of $423,901 with a 20% down payment ($84,780) at today's rates (6.8%), you'd need a gross annual income of approximately $112,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Algonquin compare to the national average home price?
The national median home value is approximately $410,000. At $423,901, homes in Algonquin are 3% above the national average.
What metro area is Algonquin part of?
Algonquin is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.