Market Overview
Home Prices in Lincolnshire, IL
The median home value in Lincolnshire, IL is $753,491 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lincolnshire are priced84% above average. Lincolnshire is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Lincolnshire home values have risen by approximately41.3%, reflecting strong long-term appreciation in this market.
Price History
Lincolnshire Home Price Trend
City Comparison
Lincolnshire vs. National Median
At $753,491, homes in Lincolnshire cost 84% above the national median of $410,000. Buyers in Lincolnshire should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lincolnshire?
20% Down Payment
$150,698
on $753,491
Monthly P&I
$3,930/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,991/mo
incl. taxes & insurance
Income Needed
$199,640
gross annual (30% rule)
10% Down Option
$75,349
+ PMI applies
Loan Amount (20% dn)
$602,793
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 Lincolnshire, IL?
The median home value in Lincolnshire is $753,491 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Lincolnshire?
Over the past year, home values in Lincolnshire have increased by 7.2%. Over five years, prices have risen approximately 41.3%.
How much do I need to earn to buy a home in Lincolnshire?
To comfortably afford the median home price of $753,491 with a 20% down payment ($150,698) at today's rates (6.8%), you'd need a gross annual income of approximately $199,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Lincolnshire compare to the national average home price?
The national median home value is approximately $410,000. At $753,491, homes in Lincolnshire are 84% above the national average.
What metro area is Lincolnshire part of?
Lincolnshire is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.