Market Overview
Home Prices in Arlington Heights, IL
The median home value in Arlington Heights, IL is $502,325 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Arlington Heights are priced23% above average. Arlington Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Arlington Heights home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Arlington Heights Home Price Trend
City Comparison
Arlington Heights vs. National Median
At $502,325, homes in Arlington Heights cost 23% above the national median of $410,000. Buyers in Arlington Heights should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Arlington Heights?
20% Down Payment
$100,465
on $502,325
Monthly P&I
$2,620/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,327/mo
incl. taxes & insurance
Income Needed
$133,080
gross annual (30% rule)
10% Down Option
$50,233
+ PMI applies
Loan Amount (20% dn)
$401,860
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 Arlington Heights, IL?
The median home value in Arlington Heights is $502,325 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Arlington Heights?
Over the past year, home values in Arlington Heights have increased by 8%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Arlington Heights?
To comfortably afford the median home price of $502,325 with a 20% down payment ($100,465) at today's rates (6.8%), you'd need a gross annual income of approximately $133,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Arlington Heights compare to the national average home price?
The national median home value is approximately $410,000. At $502,325, homes in Arlington Heights are 23% above the national average.
What metro area is Arlington Heights part of?
Arlington Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.