Market Overview
Home Prices in Loves Park, IL
The median home value in Loves Park, IL is $204,325 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Loves Park are priced50% below average. Loves Park is part of the Rockford, IL metro area.
Over the past five years, Loves Park home values have risen by approximately49.4%, reflecting strong long-term appreciation in this market.
Price History
Loves Park Home Price Trend
City Comparison
Loves Park vs. National Median
At $204,325, homes in Loves Park cost 50% below the national median of $410,000. This makes Loves Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Loves Park?
20% Down Payment
$40,865
on $204,325
Monthly P&I
$1,066/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,354/mo
incl. taxes & insurance
Income Needed
$54,160
gross annual (30% rule)
10% Down Option
$20,433
+ PMI applies
Loan Amount (20% dn)
$163,460
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 Loves Park, IL?
The median home value in Loves Park is $204,325 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Loves Park?
Over the past year, home values in Loves Park have increased by 7.7%. Over five years, prices have risen approximately 49.4%.
How much do I need to earn to buy a home in Loves Park?
To comfortably afford the median home price of $204,325 with a 20% down payment ($40,865) at today's rates (6.8%), you'd need a gross annual income of approximately $54,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Loves Park compare to the national average home price?
The national median home value is approximately $410,000. At $204,325, homes in Loves Park are 50% below the national average.
What metro area is Loves Park part of?
Loves Park is part of the Rockford, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.