Market Overview
Home Prices in Gurnee, IL
The median home value in Gurnee, IL is $383,967 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gurnee are priced6% below average. Gurnee is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Gurnee home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Gurnee Home Price Trend
City Comparison
Gurnee vs. National Median
At $383,967, homes in Gurnee cost 6% below the national median of $410,000. This makes Gurnee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gurnee?
20% Down Payment
$76,793
on $383,967
Monthly P&I
$2,003/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,544/mo
incl. taxes & insurance
Income Needed
$101,760
gross annual (30% rule)
10% Down Option
$38,397
+ PMI applies
Loan Amount (20% dn)
$307,174
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 Gurnee, IL?
The median home value in Gurnee is $383,967 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Gurnee?
Over the past year, home values in Gurnee have increased by 5.5%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Gurnee?
To comfortably afford the median home price of $383,967 with a 20% down payment ($76,793) at today's rates (6.8%), you'd need a gross annual income of approximately $101,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Gurnee compare to the national average home price?
The national median home value is approximately $410,000. At $383,967, homes in Gurnee are 6% below the national average.
What metro area is Gurnee part of?
Gurnee is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.