Market Overview
Home Prices in Oakbrook Terrace, IL
The median home value in Oakbrook Terrace, IL is $432,002 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakbrook Terrace are priced5% above average. Oakbrook Terrace is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Oakbrook Terrace home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Oakbrook Terrace Home Price Trend
City Comparison
Oakbrook Terrace vs. National Median
At $432,002, homes in Oakbrook Terrace cost 5% above the national median of $410,000. Buyers in Oakbrook Terrace should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Oakbrook Terrace?
20% Down Payment
$86,400
on $432,002
Monthly P&I
$2,253/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,861/mo
incl. taxes & insurance
Income Needed
$114,440
gross annual (30% rule)
10% Down Option
$43,200
+ PMI applies
Loan Amount (20% dn)
$345,602
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 Oakbrook Terrace, IL?
The median home value in Oakbrook Terrace is $432,002 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Oakbrook Terrace?
Over the past year, home values in Oakbrook Terrace have increased by 5.1%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Oakbrook Terrace?
To comfortably afford the median home price of $432,002 with a 20% down payment ($86,400) at today's rates (6.8%), you'd need a gross annual income of approximately $114,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakbrook Terrace compare to the national average home price?
The national median home value is approximately $410,000. At $432,002, homes in Oakbrook Terrace are 5% above the national average.
What metro area is Oakbrook Terrace part of?
Oakbrook Terrace is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.