Market Overview
Home Prices in Wilmette, IL
The median home value in Wilmette, IL is $1,020,010 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.7% compared to a year ago and up 6.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wilmette are priced149% above average. Wilmette is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Wilmette home values have risen by approximately41.5%, reflecting strong long-term appreciation in this market.
Price History
Wilmette Home Price Trend
City Comparison
Wilmette vs. National Median
At $1,020,010, homes in Wilmette cost 149% above the national median of $410,000. Buyers in Wilmette should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wilmette?
20% Down Payment
$204,002
on $1,020,010
Monthly P&I
$5,320/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,756/mo
incl. taxes & insurance
Income Needed
$270,240
gross annual (30% rule)
10% Down Option
$102,001
+ PMI applies
Loan Amount (20% dn)
$816,008
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 Wilmette, IL?
The median home value in Wilmette is $1,020,010 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.7% year-over-year.
How much have home prices changed in Wilmette?
Over the past year, home values in Wilmette have increased by 11.7%. Over five years, prices have risen approximately 41.5%.
How much do I need to earn to buy a home in Wilmette?
To comfortably afford the median home price of $1,020,010 with a 20% down payment ($204,002) at today's rates (6.8%), you'd need a gross annual income of approximately $270,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Wilmette compare to the national average home price?
The national median home value is approximately $410,000. At $1,020,010, homes in Wilmette are 149% above the national average.
What metro area is Wilmette part of?
Wilmette is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.