Market Overview
Home Prices in Lockport, IL
The median home value in Lockport, IL is $375,412 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lockport are priced8% below average. Lockport is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Lockport home values have risen by approximately28.4%, reflecting strong long-term appreciation in this market.
Price History
Lockport Home Price Trend
City Comparison
Lockport vs. National Median
At $375,412, homes in Lockport cost 8% below the national median of $410,000. This makes Lockport a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lockport?
20% Down Payment
$75,082
on $375,412
Monthly P&I
$1,958/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,487/mo
incl. taxes & insurance
Income Needed
$99,480
gross annual (30% rule)
10% Down Option
$37,541
+ PMI applies
Loan Amount (20% dn)
$300,330
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 Lockport, IL?
The median home value in Lockport is $375,412 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Lockport?
Over the past year, home values in Lockport have increased by 3.6%. Over five years, prices have risen approximately 28.4%.
How much do I need to earn to buy a home in Lockport?
To comfortably afford the median home price of $375,412 with a 20% down payment ($75,082) at today's rates (6.8%), you'd need a gross annual income of approximately $99,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lockport compare to the national average home price?
The national median home value is approximately $410,000. At $375,412, homes in Lockport are 8% below the national average.
What metro area is Lockport part of?
Lockport is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.