Market Overview
Home Prices in Flossmoor, IL
The median home value in Flossmoor, IL is $345,343 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Flossmoor are priced16% below average. Flossmoor is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Flossmoor home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Flossmoor Home Price Trend
City Comparison
Flossmoor vs. National Median
At $345,343, homes in Flossmoor cost 16% below the national median of $410,000. This makes Flossmoor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Flossmoor?
20% Down Payment
$69,069
on $345,343
Monthly P&I
$1,801/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,287/mo
incl. taxes & insurance
Income Needed
$91,480
gross annual (30% rule)
10% Down Option
$34,534
+ PMI applies
Loan Amount (20% dn)
$276,274
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 Flossmoor, IL?
The median home value in Flossmoor is $345,343 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Flossmoor?
Over the past year, home values in Flossmoor have increased by 4.8%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Flossmoor?
To comfortably afford the median home price of $345,343 with a 20% down payment ($69,069) at today's rates (6.8%), you'd need a gross annual income of approximately $91,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Flossmoor compare to the national average home price?
The national median home value is approximately $410,000. At $345,343, homes in Flossmoor are 16% below the national average.
What metro area is Flossmoor part of?
Flossmoor is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.