Market Overview
Home Prices in Bedford Park, IL
The median home value in Bedford Park, IL is $291,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bedford Park are priced29% below average. Bedford Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Bedford Park home values have risen by approximately21.1%, reflecting strong long-term appreciation in this market.
Price History
Bedford Park Home Price Trend
City Comparison
Bedford Park vs. National Median
At $291,848, homes in Bedford Park cost 29% below the national median of $410,000. This makes Bedford Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bedford Park?
20% Down Payment
$58,370
on $291,848
Monthly P&I
$1,522/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,933/mo
incl. taxes & insurance
Income Needed
$77,320
gross annual (30% rule)
10% Down Option
$29,185
+ PMI applies
Loan Amount (20% dn)
$233,478
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 Bedford Park, IL?
The median home value in Bedford Park is $291,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Bedford Park?
Over the past year, home values in Bedford Park have increased by 2.7%. Over five years, prices have risen approximately 21.1%.
How much do I need to earn to buy a home in Bedford Park?
To comfortably afford the median home price of $291,848 with a 20% down payment ($58,370) at today's rates (6.8%), you'd need a gross annual income of approximately $77,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Bedford Park compare to the national average home price?
The national median home value is approximately $410,000. At $291,848, homes in Bedford Park are 29% below the national average.
What metro area is Bedford Park part of?
Bedford Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.