Market Overview
Home Prices in Ramsey, IL
The median home value in Ramsey, IL is $144,889 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ramsey are priced65% below average.
Over the past five years, Ramsey home values have risen by approximately31.1%, reflecting strong long-term appreciation in this market.
Price History
Ramsey Home Price Trend
2020
$108,936
$109K
—
2021
$110,504
$111K
+1.4%
2022
$130,256
$130K
+17.9%
2023
$143,064
$143K
+9.8%
2024
$145,275
$145K
+1.5%
2025
$140,628
$141K
-3.2%
2026
$144,889
$145K
+3.0%
City Comparison
Ramsey vs. National Median
🏠 Ramsey
$144,889
National Median
$410,000
At $144,889, homes in Ramsey cost 65% below the national median of $410,000. This makes Ramsey a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ramsey?
20% Down Payment
$28,978
on $144,889
Monthly P&I
$756/mo
30-yr @ 6.8%
Total Monthly Est.
~$960/mo
incl. taxes & insurance
Income Needed
$38,400
gross annual (30% rule)
10% Down Option
$14,489
+ PMI applies
Loan Amount (20% dn)
$115,911
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 Ramsey, IL?
The median home value in Ramsey is $144,889 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Ramsey?
Over the past year, home values in Ramsey have increased by 3%. Over five years, prices have risen approximately 31.1%.
How much do I need to earn to buy a home in Ramsey?
To comfortably afford the median home price of $144,889 with a 20% down payment ($28,978) at today's rates (6.8%), you'd need a gross annual income of approximately $38,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Ramsey compare to the national average home price?
The national median home value is approximately $410,000. At $144,889, homes in Ramsey are 65% below the national average.