Market Overview
Home Prices in Midlothian, IL
The median home value in Midlothian, IL is $241,326 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Midlothian are priced41% below average. Midlothian is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Midlothian home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Midlothian Home Price Trend
City Comparison
Midlothian vs. National Median
At $241,326, homes in Midlothian cost 41% below the national median of $410,000. This makes Midlothian a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Midlothian?
20% Down Payment
$48,265
on $241,326
Monthly P&I
$1,259/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,599/mo
incl. taxes & insurance
Income Needed
$63,960
gross annual (30% rule)
10% Down Option
$24,133
+ PMI applies
Loan Amount (20% dn)
$193,061
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 Midlothian, IL?
The median home value in Midlothian is $241,326 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Midlothian?
Over the past year, home values in Midlothian have increased by 3.6%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Midlothian?
To comfortably afford the median home price of $241,326 with a 20% down payment ($48,265) at today's rates (6.8%), you'd need a gross annual income of approximately $63,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Midlothian compare to the national average home price?
The national median home value is approximately $410,000. At $241,326, homes in Midlothian are 41% below the national average.
What metro area is Midlothian part of?
Midlothian is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.