Market Overview
Home Prices in Gilberts, IL
The median home value in Gilberts, IL is $424,206 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gilberts are priced3% above average. Gilberts is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Gilberts home values have risen by approximately34.1%, reflecting strong long-term appreciation in this market.
Price History
Gilberts Home Price Trend
City Comparison
Gilberts vs. National Median
At $424,206, homes in Gilberts cost 3% above the national median of $410,000. Buyers in Gilberts should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gilberts?
20% Down Payment
$84,841
on $424,206
Monthly P&I
$2,212/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,809/mo
incl. taxes & insurance
Income Needed
$112,360
gross annual (30% rule)
10% Down Option
$42,421
+ PMI applies
Loan Amount (20% dn)
$339,365
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 Gilberts, IL?
The median home value in Gilberts is $424,206 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Gilberts?
Over the past year, home values in Gilberts have increased by 4.5%. Over five years, prices have risen approximately 34.1%.
How much do I need to earn to buy a home in Gilberts?
To comfortably afford the median home price of $424,206 with a 20% down payment ($84,841) at today's rates (6.8%), you'd need a gross annual income of approximately $112,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilberts compare to the national average home price?
The national median home value is approximately $410,000. At $424,206, homes in Gilberts are 3% above the national average.
What metro area is Gilberts part of?
Gilberts is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.