Market Overview
Home Prices in Harwood Heights, IL
The median home value in Harwood Heights, IL is $392,142 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Harwood Heights are priced4% below average. Harwood Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Harwood Heights home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Harwood Heights Home Price Trend
City Comparison
Harwood Heights vs. National Median
At $392,142, homes in Harwood Heights cost 4% below the national median of $410,000. This makes Harwood Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Harwood Heights?
20% Down Payment
$78,428
on $392,142
Monthly P&I
$2,045/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,597/mo
incl. taxes & insurance
Income Needed
$103,880
gross annual (30% rule)
10% Down Option
$39,214
+ PMI applies
Loan Amount (20% dn)
$313,714
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 Harwood Heights, IL?
The median home value in Harwood Heights is $392,142 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Harwood Heights?
Over the past year, home values in Harwood Heights have increased by 6.3%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Harwood Heights?
To comfortably afford the median home price of $392,142 with a 20% down payment ($78,428) at today's rates (6.8%), you'd need a gross annual income of approximately $103,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Harwood Heights compare to the national average home price?
The national median home value is approximately $410,000. At $392,142, homes in Harwood Heights are 4% below the national average.
What metro area is Harwood Heights part of?
Harwood Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.