Market Overview
Home Prices in Braidwood, IL
The median home value in Braidwood, IL is $287,308 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Braidwood are priced30% below average. Braidwood is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Braidwood home values have risen by approximately42.7%, reflecting strong long-term appreciation in this market.
Price History
Braidwood Home Price Trend
City Comparison
Braidwood vs. National Median
At $287,308, homes in Braidwood cost 30% below the national median of $410,000. This makes Braidwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Braidwood?
20% Down Payment
$57,462
on $287,308
Monthly P&I
$1,498/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,902/mo
incl. taxes & insurance
Income Needed
$76,080
gross annual (30% rule)
10% Down Option
$28,731
+ PMI applies
Loan Amount (20% dn)
$229,846
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 Braidwood, IL?
The median home value in Braidwood is $287,308 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 Braidwood?
Over the past year, home values in Braidwood have increased by 5.1%. Over five years, prices have risen approximately 42.7%.
How much do I need to earn to buy a home in Braidwood?
To comfortably afford the median home price of $287,308 with a 20% down payment ($57,462) at today's rates (6.8%), you'd need a gross annual income of approximately $76,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Braidwood compare to the national average home price?
The national median home value is approximately $410,000. At $287,308, homes in Braidwood are 30% below the national average.
What metro area is Braidwood part of?
Braidwood is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.