Market Overview
Home Prices in Baldwin, IL
The median home value in Baldwin, IL is $117,909 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and down 11.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Baldwin are priced71% below average.
Price History
Baldwin Home Price Trend
2024
$133,918
$134K
—
2025
$118,750
$119K
-11.3%
2026
$117,909
$118K
-0.7%
City Comparison
Baldwin vs. National Median
🏠 Baldwin
$117,909
National Median
$410,000
At $117,909, homes in Baldwin cost 71% below the national median of $410,000. This makes Baldwin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Baldwin?
20% Down Payment
$23,582
on $117,909
Monthly P&I
$615/mo
30-yr @ 6.8%
Total Monthly Est.
~$781/mo
incl. taxes & insurance
Income Needed
$31,240
gross annual (30% rule)
10% Down Option
$11,791
+ PMI applies
Loan Amount (20% dn)
$94,327
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 Baldwin, IL?
The median home value in Baldwin is $117,909 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Baldwin?
Over the past year, home values in Baldwin have decreased by 0.7%.
How much do I need to earn to buy a home in Baldwin?
To comfortably afford the median home price of $117,909 with a 20% down payment ($23,582) at today's rates (6.8%), you'd need a gross annual income of approximately $31,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Baldwin compare to the national average home price?
The national median home value is approximately $410,000. At $117,909, homes in Baldwin are 71% below the national average.