Market Overview
Home Prices in Machesney Park, IL
The median home value in Machesney Park, IL is $211,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.8% 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 Machesney Park are priced48% below average. Machesney Park is part of the Rockford, IL metro area.
Over the past five years, Machesney Park home values have risen by approximately52.3%, reflecting strong long-term appreciation in this market.
Price History
Machesney Park Home Price Trend
City Comparison
Machesney Park vs. National Median
At $211,243, homes in Machesney Park cost 48% below the national median of $410,000. This makes Machesney Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Machesney Park?
20% Down Payment
$42,249
on $211,243
Monthly P&I
$1,102/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,400/mo
incl. taxes & insurance
Income Needed
$56,000
gross annual (30% rule)
10% Down Option
$21,124
+ PMI applies
Loan Amount (20% dn)
$168,994
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 Machesney Park, IL?
The median home value in Machesney Park is $211,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.8% year-over-year.
How much have home prices changed in Machesney Park?
Over the past year, home values in Machesney Park have increased by 10.8%. Over five years, prices have risen approximately 52.3%.
How much do I need to earn to buy a home in Machesney Park?
To comfortably afford the median home price of $211,243 with a 20% down payment ($42,249) at today's rates (6.8%), you'd need a gross annual income of approximately $56,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Machesney Park compare to the national average home price?
The national median home value is approximately $410,000. At $211,243, homes in Machesney Park are 48% below the national average.
What metro area is Machesney Park part of?
Machesney Park is part of the Rockford, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.