Market Overview
Home Prices in Genoa, IL
The median home value in Genoa, IL is $321,607 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Genoa are priced22% below average. Genoa is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Genoa home values have risen by approximately39.3%, reflecting strong long-term appreciation in this market.
Price History
Genoa Home Price Trend
City Comparison
Genoa vs. National Median
At $321,607, homes in Genoa cost 22% below the national median of $410,000. This makes Genoa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Genoa?
20% Down Payment
$64,321
on $321,607
Monthly P&I
$1,677/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,130/mo
incl. taxes & insurance
Income Needed
$85,200
gross annual (30% rule)
10% Down Option
$32,161
+ PMI applies
Loan Amount (20% dn)
$257,286
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 Genoa, IL?
The median home value in Genoa is $321,607 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Genoa?
Over the past year, home values in Genoa have increased by 5.4%. Over five years, prices have risen approximately 39.3%.
How much do I need to earn to buy a home in Genoa?
To comfortably afford the median home price of $321,607 with a 20% down payment ($64,321) at today's rates (6.8%), you'd need a gross annual income of approximately $85,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Genoa compare to the national average home price?
The national median home value is approximately $410,000. At $321,607, homes in Genoa are 22% below the national average.
What metro area is Genoa part of?
Genoa is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.