Market Overview
Home Prices in Leland, IL
The median home value in Leland, IL is $289,574 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Leland are priced29% below average. Leland is part of the Ottawa, IL metro area.
Over the past five years, Leland home values have risen by approximately39.5%, reflecting strong long-term appreciation in this market.
Price History
Leland Home Price Trend
2020
$182,571
$183K
—
2021
$207,576
$208K
+13.7%
2022
$243,570
$244K
+17.3%
2023
$239,470
$239K
-1.7%
2024
$260,437
$260K
+8.8%
2025
$278,601
$279K
+7.0%
2026
$289,574
$290K
+3.9%
City Comparison
Leland vs. National Median
🏠 Leland
$289,574
National Median
$410,000
At $289,574, homes in Leland cost 29% below the national median of $410,000. This makes Leland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Leland?
20% Down Payment
$57,915
on $289,574
Monthly P&I
$1,510/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,918/mo
incl. taxes & insurance
Income Needed
$76,720
gross annual (30% rule)
10% Down Option
$28,957
+ PMI applies
Loan Amount (20% dn)
$231,659
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 Leland, IL?
The median home value in Leland is $289,574 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Leland?
Over the past year, home values in Leland have increased by 3.9%. Over five years, prices have risen approximately 39.5%.
How much do I need to earn to buy a home in Leland?
To comfortably afford the median home price of $289,574 with a 20% down payment ($57,915) at today's rates (6.8%), you'd need a gross annual income of approximately $76,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Leland compare to the national average home price?
The national median home value is approximately $410,000. At $289,574, homes in Leland are 29% below the national average.
What metro area is Leland part of?
Leland is part of the Ottawa, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.