Market Overview
Home Prices in Washington Park, IL
The median home value in Washington Park, IL is $36,005 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Washington Park are priced91% below average. Washington Park is part of the St. Louis, MO-IL metro area.
Over the past five years, Washington Park home values have fallen by approximately22.9%, reflecting softening conditions in this market.
Price History
Washington Park Home Price Trend
City Comparison
Washington Park vs. National Median
At $36,005, homes in Washington Park cost 91% below the national median of $410,000. This makes Washington Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Washington Park?
20% Down Payment
$7,201
on $36,005
Monthly P&I
$188/mo
30-yr @ 6.8%
Total Monthly Est.
~$239/mo
incl. taxes & insurance
Income Needed
$9,560
gross annual (30% rule)
10% Down Option
$3,601
+ PMI applies
Loan Amount (20% dn)
$28,804
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 Washington Park, IL?
The median home value in Washington Park is $36,005 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 Washington Park?
Over the past year, home values in Washington Park have increased by 3%. Over five years, prices have fallen approximately 22.9%.
How much do I need to earn to buy a home in Washington Park?
To comfortably afford the median home price of $36,005 with a 20% down payment ($7,201) at today's rates (6.8%), you'd need a gross annual income of approximately $9,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Washington Park compare to the national average home price?
The national median home value is approximately $410,000. At $36,005, homes in Washington Park are 91% below the national average.
What metro area is Washington Park part of?
Washington Park is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.