Market Overview
Home Prices in Lombard, IL
The median home value in Lombard, IL is $395,500 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lombard are priced4% below average. Lombard is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Lombard home values have risen by approximately26.4%, reflecting strong long-term appreciation in this market.
Price History
Lombard Home Price Trend
City Comparison
Lombard vs. National Median
At $395,500, homes in Lombard cost 4% below the national median of $410,000. This makes Lombard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lombard?
20% Down Payment
$79,100
on $395,500
Monthly P&I
$2,063/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,620/mo
incl. taxes & insurance
Income Needed
$104,800
gross annual (30% rule)
10% Down Option
$39,550
+ PMI applies
Loan Amount (20% dn)
$316,400
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 Lombard, IL?
The median home value in Lombard is $395,500 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Lombard?
Over the past year, home values in Lombard have increased by 5.1%. Over five years, prices have risen approximately 26.4%.
How much do I need to earn to buy a home in Lombard?
To comfortably afford the median home price of $395,500 with a 20% down payment ($79,100) at today's rates (6.8%), you'd need a gross annual income of approximately $104,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Lombard compare to the national average home price?
The national median home value is approximately $410,000. At $395,500, homes in Lombard are 4% below the national average.
What metro area is Lombard part of?
Lombard is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.