Market Overview
Home Prices in Monee, IL
The median home value in Monee, IL is $353,033 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monee are priced14% below average. Monee is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Monee home values have risen by approximately30.5%, reflecting strong long-term appreciation in this market.
Price History
Monee Home Price Trend
City Comparison
Monee vs. National Median
At $353,033, homes in Monee cost 14% below the national median of $410,000. This makes Monee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monee?
20% Down Payment
$70,607
on $353,033
Monthly P&I
$1,841/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,338/mo
incl. taxes & insurance
Income Needed
$93,520
gross annual (30% rule)
10% Down Option
$35,303
+ PMI applies
Loan Amount (20% dn)
$282,426
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 Monee, IL?
The median home value in Monee is $353,033 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Monee?
Over the past year, home values in Monee have increased by 2.3%. Over five years, prices have risen approximately 30.5%.
How much do I need to earn to buy a home in Monee?
To comfortably afford the median home price of $353,033 with a 20% down payment ($70,607) at today's rates (6.8%), you'd need a gross annual income of approximately $93,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Monee compare to the national average home price?
The national median home value is approximately $410,000. At $353,033, homes in Monee are 14% below the national average.
What metro area is Monee part of?
Monee is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.