Market Overview
Home Prices in Mundelein, IL
The median home value in Mundelein, IL is $394,860 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mundelein are priced4% below average. Mundelein is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Mundelein home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Mundelein Home Price Trend
City Comparison
Mundelein vs. National Median
At $394,860, homes in Mundelein cost 4% below the national median of $410,000. This makes Mundelein a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mundelein?
20% Down Payment
$78,972
on $394,860
Monthly P&I
$2,059/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,615/mo
incl. taxes & insurance
Income Needed
$104,600
gross annual (30% rule)
10% Down Option
$39,486
+ PMI applies
Loan Amount (20% dn)
$315,888
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 Mundelein, IL?
The median home value in Mundelein is $394,860 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Mundelein?
Over the past year, home values in Mundelein have increased by 5.9%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Mundelein?
To comfortably afford the median home price of $394,860 with a 20% down payment ($78,972) at today's rates (6.8%), you'd need a gross annual income of approximately $104,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Mundelein compare to the national average home price?
The national median home value is approximately $410,000. At $394,860, homes in Mundelein are 4% below the national average.
What metro area is Mundelein part of?
Mundelein is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.