Market Overview
Home Prices in Hometown, IL
The median home value in Hometown, IL is $216,384 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hometown are priced47% below average. Hometown is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Hometown home values have risen by approximately35.2%, reflecting strong long-term appreciation in this market.
Price History
Hometown Home Price Trend
City Comparison
Hometown vs. National Median
At $216,384, homes in Hometown cost 47% below the national median of $410,000. This makes Hometown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hometown?
20% Down Payment
$43,277
on $216,384
Monthly P&I
$1,129/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,434/mo
incl. taxes & insurance
Income Needed
$57,360
gross annual (30% rule)
10% Down Option
$21,638
+ PMI applies
Loan Amount (20% dn)
$173,107
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 Hometown, IL?
The median home value in Hometown is $216,384 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Hometown?
Over the past year, home values in Hometown have increased by 4.2%. Over five years, prices have risen approximately 35.2%.
How much do I need to earn to buy a home in Hometown?
To comfortably afford the median home price of $216,384 with a 20% down payment ($43,277) at today's rates (6.8%), you'd need a gross annual income of approximately $57,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Hometown compare to the national average home price?
The national median home value is approximately $410,000. At $216,384, homes in Hometown are 47% below the national average.
What metro area is Hometown part of?
Hometown is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.