Market Overview
Home Prices in Calumet City, IL
The median home value in Calumet City, IL is $158,805 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Calumet City are priced61% below average. Calumet City is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Calumet City home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Calumet City Home Price Trend
City Comparison
Calumet City vs. National Median
At $158,805, homes in Calumet City cost 61% below the national median of $410,000. This makes Calumet City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Calumet City?
20% Down Payment
$31,761
on $158,805
Monthly P&I
$828/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,052/mo
incl. taxes & insurance
Income Needed
$42,080
gross annual (30% rule)
10% Down Option
$15,881
+ PMI applies
Loan Amount (20% dn)
$127,044
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 Calumet City, IL?
The median home value in Calumet City is $158,805 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Calumet City?
Over the past year, home values in Calumet City have decreased by 2.8%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Calumet City?
To comfortably afford the median home price of $158,805 with a 20% down payment ($31,761) at today's rates (6.8%), you'd need a gross annual income of approximately $42,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Calumet City compare to the national average home price?
The national median home value is approximately $410,000. At $158,805, homes in Calumet City are 61% below the national average.
What metro area is Calumet City part of?
Calumet City is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.