Market Overview
Home Prices in Mode, IL
The median home value in Mode, IL is $248,087 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mode are priced39% below average.
Price History
Mode Home Price Trend
2024
$245,807
$246K
—
2025
$239,917
$240K
-2.4%
2026
$248,087
$248K
+3.4%
City Comparison
Mode vs. National Median
🏠 Mode
$248,087
National Median
$410,000
At $248,087, homes in Mode cost 39% below the national median of $410,000. This makes Mode a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mode?
20% Down Payment
$49,617
on $248,087
Monthly P&I
$1,294/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,643/mo
incl. taxes & insurance
Income Needed
$65,720
gross annual (30% rule)
10% Down Option
$24,809
+ PMI applies
Loan Amount (20% dn)
$198,470
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 Mode, IL?
The median home value in Mode is $248,087 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Mode?
Over the past year, home values in Mode have increased by 3.4%.
How much do I need to earn to buy a home in Mode?
To comfortably afford the median home price of $248,087 with a 20% down payment ($49,617) at today's rates (6.8%), you'd need a gross annual income of approximately $65,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Mode compare to the national average home price?
The national median home value is approximately $410,000. At $248,087, homes in Mode are 39% below the national average.