Market Overview
Home Prices in Vernon Hills, IL
The median home value in Vernon Hills, IL is $462,886 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Vernon Hills are priced13% above average. Vernon Hills is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Vernon Hills home values have risen by approximately38.5%, reflecting strong long-term appreciation in this market.
Price History
Vernon Hills Home Price Trend
City Comparison
Vernon Hills vs. National Median
At $462,886, homes in Vernon Hills cost 13% above the national median of $410,000. Buyers in Vernon Hills should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Vernon Hills?
20% Down Payment
$92,577
on $462,886
Monthly P&I
$2,414/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,066/mo
incl. taxes & insurance
Income Needed
$122,640
gross annual (30% rule)
10% Down Option
$46,289
+ PMI applies
Loan Amount (20% dn)
$370,309
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 Vernon Hills, IL?
The median home value in Vernon Hills is $462,886 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Vernon Hills?
Over the past year, home values in Vernon Hills have increased by 5.3%. Over five years, prices have risen approximately 38.5%.
How much do I need to earn to buy a home in Vernon Hills?
To comfortably afford the median home price of $462,886 with a 20% down payment ($92,577) at today's rates (6.8%), you'd need a gross annual income of approximately $122,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Vernon Hills compare to the national average home price?
The national median home value is approximately $410,000. At $462,886, homes in Vernon Hills are 13% above the national average.
What metro area is Vernon Hills part of?
Vernon Hills is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.