Market Overview
Home Prices in Malta, IL
The median home value in Malta, IL is $278,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Malta are priced32% below average. Malta is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Malta home values have risen by approximately45.8%, reflecting strong long-term appreciation in this market.
Price History
Malta Home Price Trend
City Comparison
Malta vs. National Median
At $278,927, homes in Malta cost 32% below the national median of $410,000. This makes Malta a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Malta?
20% Down Payment
$55,785
on $278,927
Monthly P&I
$1,455/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,848/mo
incl. taxes & insurance
Income Needed
$73,920
gross annual (30% rule)
10% Down Option
$27,893
+ PMI applies
Loan Amount (20% dn)
$223,142
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 Malta, IL?
The median home value in Malta is $278,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Malta?
Over the past year, home values in Malta have increased by 7.6%. Over five years, prices have risen approximately 45.8%.
How much do I need to earn to buy a home in Malta?
To comfortably afford the median home price of $278,927 with a 20% down payment ($55,785) at today's rates (6.8%), you'd need a gross annual income of approximately $73,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Malta compare to the national average home price?
The national median home value is approximately $410,000. At $278,927, homes in Malta are 32% below the national average.
What metro area is Malta part of?
Malta is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.