Market Overview
Home Prices in Downers Grove, IL
The median home value in Downers Grove, IL is $514,191 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Downers Grove are priced25% above average. Downers Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Downers Grove home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Downers Grove Home Price Trend
City Comparison
Downers Grove vs. National Median
At $514,191, homes in Downers Grove cost 25% above the national median of $410,000. Buyers in Downers Grove should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Downers Grove?
20% Down Payment
$102,838
on $514,191
Monthly P&I
$2,682/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,406/mo
incl. taxes & insurance
Income Needed
$136,240
gross annual (30% rule)
10% Down Option
$51,419
+ PMI applies
Loan Amount (20% dn)
$411,353
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 Downers Grove, IL?
The median home value in Downers Grove is $514,191 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Downers Grove?
Over the past year, home values in Downers Grove have increased by 6.2%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Downers Grove?
To comfortably afford the median home price of $514,191 with a 20% down payment ($102,838) at today's rates (6.8%), you'd need a gross annual income of approximately $136,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Downers Grove compare to the national average home price?
The national median home value is approximately $410,000. At $514,191, homes in Downers Grove are 25% above the national average.
What metro area is Downers Grove part of?
Downers Grove is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.