Market Overview
Home Prices in McHenry, IL
The median home value in McHenry, IL is $317,445 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in McHenry are priced23% below average. McHenry is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, McHenry home values have risen by approximately35.9%, reflecting strong long-term appreciation in this market.
Price History
McHenry Home Price Trend
City Comparison
McHenry vs. National Median
At $317,445, homes in McHenry cost 23% below the national median of $410,000. This makes McHenry a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McHenry?
20% Down Payment
$63,489
on $317,445
Monthly P&I
$1,656/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,103/mo
incl. taxes & insurance
Income Needed
$84,120
gross annual (30% rule)
10% Down Option
$31,745
+ PMI applies
Loan Amount (20% dn)
$253,956
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 McHenry, IL?
The median home value in McHenry is $317,445 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 McHenry?
Over the past year, home values in McHenry have increased by 5.1%. Over five years, prices have risen approximately 35.9%.
How much do I need to earn to buy a home in McHenry?
To comfortably afford the median home price of $317,445 with a 20% down payment ($63,489) at today's rates (6.8%), you'd need a gross annual income of approximately $84,120. This assumes keeping total housing costs at or below 30% of gross income.
How does McHenry compare to the national average home price?
The national median home value is approximately $410,000. At $317,445, homes in McHenry are 23% below the national average.
What metro area is McHenry part of?
McHenry is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.