Market Overview
Home Prices in Hazel Crest, IL
The median home value in Hazel Crest, IL is $188,569 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and down 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hazel Crest are priced54% below average. Hazel Crest is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Hazel Crest home values have risen by approximately18.5%, reflecting steady appreciation in this market.
Price History
Hazel Crest Home Price Trend
City Comparison
Hazel Crest vs. National Median
At $188,569, homes in Hazel Crest cost 54% below the national median of $410,000. This makes Hazel Crest a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hazel Crest?
20% Down Payment
$37,714
on $188,569
Monthly P&I
$983/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,248/mo
incl. taxes & insurance
Income Needed
$49,920
gross annual (30% rule)
10% Down Option
$18,857
+ PMI applies
Loan Amount (20% dn)
$150,855
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 Hazel Crest, IL?
The median home value in Hazel Crest is $188,569 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Hazel Crest?
Over the past year, home values in Hazel Crest have increased by 2.6%. Over five years, prices have risen approximately 18.5%.
How much do I need to earn to buy a home in Hazel Crest?
To comfortably afford the median home price of $188,569 with a 20% down payment ($37,714) at today's rates (6.8%), you'd need a gross annual income of approximately $49,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Hazel Crest compare to the national average home price?
The national median home value is approximately $410,000. At $188,569, homes in Hazel Crest are 54% below the national average.
What metro area is Hazel Crest part of?
Hazel Crest is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.