Market Overview
Home Prices in Harvard, IL
The median home value in Harvard, IL is $277,016 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Harvard are priced32% below average. Harvard is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Harvard home values have risen by approximately32.5%, reflecting strong long-term appreciation in this market.
Price History
Harvard Home Price Trend
City Comparison
Harvard vs. National Median
At $277,016, homes in Harvard cost 32% below the national median of $410,000. This makes Harvard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Harvard?
20% Down Payment
$55,403
on $277,016
Monthly P&I
$1,445/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,835/mo
incl. taxes & insurance
Income Needed
$73,400
gross annual (30% rule)
10% Down Option
$27,702
+ PMI applies
Loan Amount (20% dn)
$221,613
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 Harvard, IL?
The median home value in Harvard is $277,016 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Harvard?
Over the past year, home values in Harvard have increased by 3.3%. Over five years, prices have risen approximately 32.5%.
How much do I need to earn to buy a home in Harvard?
To comfortably afford the median home price of $277,016 with a 20% down payment ($55,403) at today's rates (6.8%), you'd need a gross annual income of approximately $73,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Harvard compare to the national average home price?
The national median home value is approximately $410,000. At $277,016, homes in Harvard are 32% below the national average.
What metro area is Harvard part of?
Harvard is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.