Market Overview
Home Prices in Northbrook, IL
The median home value in Northbrook, IL is $719,285 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.1% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Northbrook are priced75% above average. Northbrook is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Northbrook home values have risen by approximately37.2%, reflecting strong long-term appreciation in this market.
Price History
Northbrook Home Price Trend
City Comparison
Northbrook vs. National Median
At $719,285, homes in Northbrook cost 75% above the national median of $410,000. Buyers in Northbrook should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Northbrook?
20% Down Payment
$143,857
on $719,285
Monthly P&I
$3,751/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,764/mo
incl. taxes & insurance
Income Needed
$190,560
gross annual (30% rule)
10% Down Option
$71,929
+ PMI applies
Loan Amount (20% dn)
$575,428
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 Northbrook, IL?
The median home value in Northbrook is $719,285 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.1% year-over-year.
How much have home prices changed in Northbrook?
Over the past year, home values in Northbrook have increased by 9.1%. Over five years, prices have risen approximately 37.2%.
How much do I need to earn to buy a home in Northbrook?
To comfortably afford the median home price of $719,285 with a 20% down payment ($143,857) at today's rates (6.8%), you'd need a gross annual income of approximately $190,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Northbrook compare to the national average home price?
The national median home value is approximately $410,000. At $719,285, homes in Northbrook are 75% above the national average.
What metro area is Northbrook part of?
Northbrook is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.