Market Overview
Home Prices in Inverness, IL
The median home value in Inverness, IL is $822,384 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Inverness are priced101% above average. Inverness is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Inverness home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Inverness Home Price Trend
City Comparison
Inverness vs. National Median
At $822,384, homes in Inverness cost 101% above the national median of $410,000. Buyers in Inverness should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Inverness?
20% Down Payment
$164,477
on $822,384
Monthly P&I
$4,289/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,447/mo
incl. taxes & insurance
Income Needed
$217,880
gross annual (30% rule)
10% Down Option
$82,238
+ PMI applies
Loan Amount (20% dn)
$657,907
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 Inverness, IL?
The median home value in Inverness is $822,384 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Inverness?
Over the past year, home values in Inverness have increased by 7.8%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Inverness?
To comfortably afford the median home price of $822,384 with a 20% down payment ($164,477) at today's rates (6.8%), you'd need a gross annual income of approximately $217,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Inverness compare to the national average home price?
The national median home value is approximately $410,000. At $822,384, homes in Inverness are 101% above the national average.
What metro area is Inverness part of?
Inverness is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.