Market Overview
Home Prices in Schiller Park, IL
The median home value in Schiller Park, IL is $319,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Schiller Park are priced22% below average. Schiller Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Schiller Park home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Schiller Park Home Price Trend
City Comparison
Schiller Park vs. National Median
At $319,323, homes in Schiller Park cost 22% below the national median of $410,000. This makes Schiller Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Schiller Park?
20% Down Payment
$63,865
on $319,323
Monthly P&I
$1,665/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,115/mo
incl. taxes & insurance
Income Needed
$84,600
gross annual (30% rule)
10% Down Option
$31,932
+ PMI applies
Loan Amount (20% dn)
$255,458
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 Schiller Park, IL?
The median home value in Schiller Park is $319,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Schiller Park?
Over the past year, home values in Schiller Park have increased by 7.7%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Schiller Park?
To comfortably afford the median home price of $319,323 with a 20% down payment ($63,865) at today's rates (6.8%), you'd need a gross annual income of approximately $84,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Schiller Park compare to the national average home price?
The national median home value is approximately $410,000. At $319,323, homes in Schiller Park are 22% below the national average.
What metro area is Schiller Park part of?
Schiller Park is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.