Market Overview
Home Prices in Alhambra, IL
The median home value in Alhambra, IL is $288,201 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alhambra are priced30% below average. Alhambra is part of the St. Louis, MO-IL metro area.
Over the past five years, Alhambra home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Alhambra Home Price Trend
City Comparison
Alhambra vs. National Median
At $288,201, homes in Alhambra cost 30% below the national median of $410,000. This makes Alhambra a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alhambra?
20% Down Payment
$57,640
on $288,201
Monthly P&I
$1,503/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,909/mo
incl. taxes & insurance
Income Needed
$76,360
gross annual (30% rule)
10% Down Option
$28,820
+ PMI applies
Loan Amount (20% dn)
$230,561
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 Alhambra, IL?
The median home value in Alhambra is $288,201 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Alhambra?
Over the past year, home values in Alhambra have increased by 9.4%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Alhambra?
To comfortably afford the median home price of $288,201 with a 20% down payment ($57,640) at today's rates (6.8%), you'd need a gross annual income of approximately $76,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Alhambra compare to the national average home price?
The national median home value is approximately $410,000. At $288,201, homes in Alhambra are 30% below the national average.
What metro area is Alhambra part of?
Alhambra is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.