Market Overview
Home Prices in Joliet, IL
The median home value in Joliet, IL is $270,919 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% 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 Joliet are priced34% below average. Joliet is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Joliet home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Joliet Home Price Trend
City Comparison
Joliet vs. National Median
At $270,919, homes in Joliet cost 34% below the national median of $410,000. This makes Joliet a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Joliet?
20% Down Payment
$54,184
on $270,919
Monthly P&I
$1,413/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,795/mo
incl. taxes & insurance
Income Needed
$71,800
gross annual (30% rule)
10% Down Option
$27,092
+ PMI applies
Loan Amount (20% dn)
$216,735
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 Joliet, IL?
The median home value in Joliet is $270,919 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Joliet?
Over the past year, home values in Joliet have increased by 1.1%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Joliet?
To comfortably afford the median home price of $270,919 with a 20% down payment ($54,184) at today's rates (6.8%), you'd need a gross annual income of approximately $71,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Joliet compare to the national average home price?
The national median home value is approximately $410,000. At $270,919, homes in Joliet are 34% below the national average.
What metro area is Joliet part of?
Joliet is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.