Market Overview
Home Prices in Lee, IL
The median home value in Lee, IL is $275,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lee are priced33% below average. Lee is part of the Dixon, IL metro area.
Over the past five years, Lee home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Lee Home Price Trend
2020
$182,577
$183K
—
2021
$209,711
$210K
+14.9%
2022
$229,829
$230K
+9.6%
2023
$222,132
$222K
-3.3%
2024
$244,274
$244K
+10.0%
2025
$255,439
$255K
+4.6%
2026
$275,608
$276K
+7.9%
City Comparison
Lee vs. National Median
🏠 Lee
$275,608
National Median
$410,000
At $275,608, homes in Lee cost 33% below the national median of $410,000. This makes Lee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lee?
20% Down Payment
$55,122
on $275,608
Monthly P&I
$1,437/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,825/mo
incl. taxes & insurance
Income Needed
$73,000
gross annual (30% rule)
10% Down Option
$27,561
+ PMI applies
Loan Amount (20% dn)
$220,486
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 Lee, IL?
The median home value in Lee is $275,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Lee?
Over the past year, home values in Lee have increased by 7.9%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Lee?
To comfortably afford the median home price of $275,608 with a 20% down payment ($55,122) at today's rates (6.8%), you'd need a gross annual income of approximately $73,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Lee compare to the national average home price?
The national median home value is approximately $410,000. At $275,608, homes in Lee are 33% below the national average.
What metro area is Lee part of?
Lee is part of the Dixon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.