Market Overview
Home Prices in Bellwood, IL
The median home value in Bellwood, IL is $259,823 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bellwood are priced37% below average. Bellwood is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Bellwood home values have risen by approximately26.8%, reflecting strong long-term appreciation in this market.
Price History
Bellwood Home Price Trend
City Comparison
Bellwood vs. National Median
At $259,823, homes in Bellwood cost 37% below the national median of $410,000. This makes Bellwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bellwood?
20% Down Payment
$51,965
on $259,823
Monthly P&I
$1,355/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,721/mo
incl. taxes & insurance
Income Needed
$68,840
gross annual (30% rule)
10% Down Option
$25,982
+ PMI applies
Loan Amount (20% dn)
$207,858
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 Bellwood, IL?
The median home value in Bellwood is $259,823 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Bellwood?
Over the past year, home values in Bellwood have increased by 5.1%. Over five years, prices have risen approximately 26.8%.
How much do I need to earn to buy a home in Bellwood?
To comfortably afford the median home price of $259,823 with a 20% down payment ($51,965) at today's rates (6.8%), you'd need a gross annual income of approximately $68,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Bellwood compare to the national average home price?
The national median home value is approximately $410,000. At $259,823, homes in Bellwood are 37% below the national average.
What metro area is Bellwood part of?
Bellwood is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.