Market Overview
Home Prices in Crete, IL
The median home value in Crete, IL is $301,695 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% 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 Crete are priced26% below average. Crete is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Crete home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Crete Home Price Trend
City Comparison
Crete vs. National Median
At $301,695, homes in Crete cost 26% below the national median of $410,000. This makes Crete a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Crete?
20% Down Payment
$60,339
on $301,695
Monthly P&I
$1,573/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,998/mo
incl. taxes & insurance
Income Needed
$79,920
gross annual (30% rule)
10% Down Option
$30,170
+ PMI applies
Loan Amount (20% dn)
$241,356
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 Crete, IL?
The median home value in Crete is $301,695 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Crete?
Over the past year, home values in Crete have increased by 3.2%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Crete?
To comfortably afford the median home price of $301,695 with a 20% down payment ($60,339) at today's rates (6.8%), you'd need a gross annual income of approximately $79,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Crete compare to the national average home price?
The national median home value is approximately $410,000. At $301,695, homes in Crete are 26% below the national average.
What metro area is Crete part of?
Crete is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.