Market Overview
Home Prices in McCullom Lake, IL
The median home value in McCullom Lake, IL is $238,659 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 9% from two years prior.
Compared to the U.S. national median of $410,000, homes in McCullom Lake are priced42% below average. McCullom Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, McCullom Lake home values have risen by approximately39.8%, reflecting strong long-term appreciation in this market.
Price History
McCullom Lake Home Price Trend
City Comparison
McCullom Lake vs. National Median
At $238,659, homes in McCullom Lake cost 42% below the national median of $410,000. This makes McCullom Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McCullom Lake?
20% Down Payment
$47,732
on $238,659
Monthly P&I
$1,245/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,581/mo
incl. taxes & insurance
Income Needed
$63,240
gross annual (30% rule)
10% Down Option
$23,866
+ PMI applies
Loan Amount (20% dn)
$190,927
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 McCullom Lake, IL?
The median home value in McCullom Lake is $238,659 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in McCullom Lake?
Over the past year, home values in McCullom Lake have increased by 5.6%. Over five years, prices have risen approximately 39.8%.
How much do I need to earn to buy a home in McCullom Lake?
To comfortably afford the median home price of $238,659 with a 20% down payment ($47,732) at today's rates (6.8%), you'd need a gross annual income of approximately $63,240. This assumes keeping total housing costs at or below 30% of gross income.
How does McCullom Lake compare to the national average home price?
The national median home value is approximately $410,000. At $238,659, homes in McCullom Lake are 42% below the national average.
What metro area is McCullom Lake part of?
McCullom Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.