Market Overview
Home Prices in Blue Island, IL
The median home value in Blue Island, IL is $207,763 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Blue Island are priced49% below average. Blue Island is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Blue Island home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Blue Island Home Price Trend
City Comparison
Blue Island vs. National Median
At $207,763, homes in Blue Island cost 49% below the national median of $410,000. This makes Blue Island a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Blue Island?
20% Down Payment
$41,553
on $207,763
Monthly P&I
$1,084/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,377/mo
incl. taxes & insurance
Income Needed
$55,080
gross annual (30% rule)
10% Down Option
$20,776
+ PMI applies
Loan Amount (20% dn)
$166,210
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 Blue Island, IL?
The median home value in Blue Island is $207,763 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Blue Island?
Over the past year, home values in Blue Island have increased by 4.7%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Blue Island?
To comfortably afford the median home price of $207,763 with a 20% down payment ($41,553) at today's rates (6.8%), you'd need a gross annual income of approximately $55,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Blue Island compare to the national average home price?
The national median home value is approximately $410,000. At $207,763, homes in Blue Island are 49% below the national average.
What metro area is Blue Island part of?
Blue Island is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.