Market Overview
Home Prices in South Chicago Heights, IL
The median home value in South Chicago Heights, IL is $167,071 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and down 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Chicago Heights are priced59% below average. South Chicago Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, South Chicago Heights home values have risen by approximately24.6%, reflecting strong long-term appreciation in this market.
Price History
South Chicago Heights Home Price Trend
City Comparison
South Chicago Heights vs. National Median
At $167,071, homes in South Chicago Heights cost 59% below the national median of $410,000. This makes South Chicago Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Chicago Heights?
20% Down Payment
$33,414
on $167,071
Monthly P&I
$871/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,106/mo
incl. taxes & insurance
Income Needed
$44,240
gross annual (30% rule)
10% Down Option
$16,707
+ PMI applies
Loan Amount (20% dn)
$133,657
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 South Chicago Heights, IL?
The median home value in South Chicago Heights is $167,071 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in South Chicago Heights?
Over the past year, home values in South Chicago Heights have increased by 0%. Over five years, prices have risen approximately 24.6%.
How much do I need to earn to buy a home in South Chicago Heights?
To comfortably afford the median home price of $167,071 with a 20% down payment ($33,414) at today's rates (6.8%), you'd need a gross annual income of approximately $44,240. This assumes keeping total housing costs at or below 30% of gross income.
How does South Chicago Heights compare to the national average home price?
The national median home value is approximately $410,000. At $167,071, homes in South Chicago Heights are 59% below the national average.
What metro area is South Chicago Heights part of?
South Chicago Heights is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.