Market Overview
Home Prices in Olympia Fields, IL
The median home value in Olympia Fields, IL is $347,270 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olympia Fields are priced15% below average. Olympia Fields is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Olympia Fields home values have risen by approximately26.7%, reflecting strong long-term appreciation in this market.
Price History
Olympia Fields Home Price Trend
City Comparison
Olympia Fields vs. National Median
At $347,270, homes in Olympia Fields cost 15% below the national median of $410,000. This makes Olympia Fields a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olympia Fields?
20% Down Payment
$69,454
on $347,270
Monthly P&I
$1,811/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,300/mo
incl. taxes & insurance
Income Needed
$92,000
gross annual (30% rule)
10% Down Option
$34,727
+ PMI applies
Loan Amount (20% dn)
$277,816
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 Olympia Fields, IL?
The median home value in Olympia Fields is $347,270 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in Olympia Fields?
Over the past year, home values in Olympia Fields have increased by 5.6%. Over five years, prices have risen approximately 26.7%.
How much do I need to earn to buy a home in Olympia Fields?
To comfortably afford the median home price of $347,270 with a 20% down payment ($69,454) at today's rates (6.8%), you'd need a gross annual income of approximately $92,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Olympia Fields compare to the national average home price?
The national median home value is approximately $410,000. At $347,270, homes in Olympia Fields are 15% below the national average.
What metro area is Olympia Fields part of?
Olympia Fields is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.