Market Overview
Home Prices in Hainesville, IL
The median home value in Hainesville, IL is $298,971 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hainesville are priced27% below average. Hainesville is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Hainesville home values have risen by approximately39.7%, reflecting strong long-term appreciation in this market.
Price History
Hainesville Home Price Trend
City Comparison
Hainesville vs. National Median
At $298,971, homes in Hainesville cost 27% below the national median of $410,000. This makes Hainesville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hainesville?
20% Down Payment
$59,794
on $298,971
Monthly P&I
$1,559/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,980/mo
incl. taxes & insurance
Income Needed
$79,200
gross annual (30% rule)
10% Down Option
$29,897
+ PMI applies
Loan Amount (20% dn)
$239,177
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 Hainesville, IL?
The median home value in Hainesville is $298,971 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Hainesville?
Over the past year, home values in Hainesville have increased by 4.7%. Over five years, prices have risen approximately 39.7%.
How much do I need to earn to buy a home in Hainesville?
To comfortably afford the median home price of $298,971 with a 20% down payment ($59,794) at today's rates (6.8%), you'd need a gross annual income of approximately $79,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Hainesville compare to the national average home price?
The national median home value is approximately $410,000. At $298,971, homes in Hainesville are 27% below the national average.
What metro area is Hainesville part of?
Hainesville is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.