Market Overview
Home Prices in McLean, IL
The median home value in McLean, IL is $199,094 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in McLean are priced51% below average. McLean is part of the Bloomington, IL metro area.
Over the past five years, McLean home values have risen by approximately34.3%, reflecting strong long-term appreciation in this market.
Price History
McLean Home Price Trend
City Comparison
McLean vs. National Median
At $199,094, homes in McLean cost 51% below the national median of $410,000. This makes McLean a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McLean?
20% Down Payment
$39,819
on $199,094
Monthly P&I
$1,038/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,318/mo
incl. taxes & insurance
Income Needed
$52,720
gross annual (30% rule)
10% Down Option
$19,909
+ PMI applies
Loan Amount (20% dn)
$159,275
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 McLean, IL?
The median home value in McLean is $199,094 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in McLean?
Over the past year, home values in McLean have increased by 2.2%. Over five years, prices have risen approximately 34.3%.
How much do I need to earn to buy a home in McLean?
To comfortably afford the median home price of $199,094 with a 20% down payment ($39,819) at today's rates (6.8%), you'd need a gross annual income of approximately $52,720. This assumes keeping total housing costs at or below 30% of gross income.
How does McLean compare to the national average home price?
The national median home value is approximately $410,000. At $199,094, homes in McLean are 51% below the national average.
What metro area is McLean part of?
McLean is part of the Bloomington, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.