Cities with the fastest growing home prices in Chicago metro area

Written by:
November 23, 2022
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Chicago metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Chicago-Naperville-Elgin, IL-IN-WI metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 356 cities and towns in Chicago.

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#30. Burr Ridge, Burr Ridge

- 1-year price change: +$58,118 (+8.6%)
- 5-year price change: +$101,291 (+16.0%)
- Typical home value: $735,457 (#18 most expensive city in metro)
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#29. Western Springs, Western Springs

- 1-year price change: +$59,023 (+9.5%)
- 5-year price change: +$114,434 (+20.3%)
- Typical home value: $678,453 (#23 most expensive city in metro)
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#28. Deer Park, Deer Park

- 1-year price change: +$59,713 (+10.6%)
- 5-year price change: +$118,409 (+23.4%)
- Typical home value: $624,953 (#26 most expensive city in metro)
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#27. Village of Lakewood, Village of Lakewood

- 1-year price change: +$61,282 (+14.0%)
- 5-year price change: +$135,773 (+37.3%)
- Typical home value: $499,760 (#43 most expensive city in metro)
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#26. Northbrook, Northbrook

- 1-year price change: +$66,505 (+11.7%)
- 5-year price change: +$101,972 (+19.2%)
- Typical home value: $632,755 (#25 most expensive city in metro)

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#25. Tower Lakes, Tower Lakes

- 1-year price change: +$67,627 (+14.2%)
- 5-year price change: +$122,845 (+29.2%)
- Typical home value: $543,818 (#36 most expensive city in metro)
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#24. Inverness, Inverness

- 1-year price change: +$69,669 (+11.2%)
- 5-year price change: +$93,839 (+15.7%)
- Typical home value: $689,962 (#21 most expensive city in metro)
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#23. Hawthorn Woods, Hawthorn Woods

- 1-year price change: +$72,003 (+13.3%)
- 5-year price change: +$112,575 (+22.5%)
- Typical home value: $613,353 (#27 most expensive city in metro)
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#22. Lincolnshire, Lincolnshire

- 1-year price change: +$72,155 (+13.6%)
- 5-year price change: +$106,814 (+21.6%)
- Typical home value: $602,356 (#29 most expensive city in metro)
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#21. Campton Hills, Campton Hills

- 1-year price change: +$72,658 (+14.8%)
- 5-year price change: +$151,879 (+36.8%)
- Typical home value: $564,746 (#30 most expensive city in metro)

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#20. Hinsdale, Hinsdale

- 1-year price change: +$76,204 (+7.9%)
- 5-year price change: +$90,804 (+9.6%)
- Typical home value: $1,040,757 (#4 most expensive city in metro)
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#19. Highland Park, Highland Park

- 1-year price change: +$78,805 (+13.8%)
- 5-year price change: +$143,169 (+28.3%)
- Typical home value: $649,928 (#24 most expensive city in metro)
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#18. North Barrington, North Barrington

- 1-year price change: +$80,975 (+12.4%)
- 5-year price change: +$122,916 (+20.2%)
- Typical home value: $732,455 (#19 most expensive city in metro)
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#17. River Forest, River Forest

- 1-year price change: +$81,346 (+12.3%)
- 5-year price change: +$130,443 (+21.3%)
- Typical home value: $741,790 (#16 most expensive city in metro)
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#16. Riverwoods, Riverwoods

- 1-year price change: +$81,688 (+11.7%)
- 5-year price change: +$110,465 (+16.5%)
- Typical home value: $780,969 (#13 most expensive city in metro)

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#15. Bull Valley, Bull Valley

- 1-year price change: +$84,494 (+18.1%)
- 5-year price change: +$159,856 (+40.9%)
- Typical home value: $550,585 (#33 most expensive city in metro)
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#14. Kildeer, Kildeer

- 1-year price change: +$86,645 (+13.6%)
- 5-year price change: +$125,483 (+21.0%)
- Typical home value: $722,082 (#20 most expensive city in metro)
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#13. Northfield, Northfield

- 1-year price change: +$89,024 (+12.3%)
- 5-year price change: +$136,585 (+20.2%)
- Typical home value: $813,188 (#12 most expensive city in metro)
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#12. Mettawa, Mettawa

- 1-year price change: +$89,026 (+13.7%)
- 5-year price change: +$147,599 (+24.9%)
- Typical home value: $740,726 (#17 most expensive city in metro)
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#11. Wayne, Wayne

- 1-year price change: +$92,358 (+15.8%)
- 5-year price change: +$163,818 (+31.8%)
- Typical home value: $678,497 (#22 most expensive city in metro)

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#10. Barrington Hills, Barrington Hills

- 1-year price change: +$99,969 (+12.7%)
- 5-year price change: +$120,530 (+15.8%)
- Typical home value: $884,599 (#9 most expensive city in metro)
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#9. Wilmette, Wilmette

- 1-year price change: +$101,074 (+13.1%)
- 5-year price change: +$153,211 (+21.3%)
- Typical home value: $871,477 (#11 most expensive city in metro)
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#8. Long Grove, Long Grove

- 1-year price change: +$102,417 (+15.6%)
- 5-year price change: +$141,219 (+22.8%)
- Typical home value: $759,768 (#14 most expensive city in metro)
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#7. Golf, Golf

- 1-year price change: +$112,496 (+12.4%)
- 5-year price change: +$197,175 (+24.0%)
- Typical home value: $1,017,463 (#6 most expensive city in metro)
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#6. Lake Forest, Lake Forest

- 1-year price change: +$124,233 (+14.1%)
- 5-year price change: +$169,246 (+20.2%)
- Typical home value: $1,005,900 (#7 most expensive city in metro)

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#5. South Barrington, South Barrington

- 1-year price change: +$131,151 (+15.3%)
- 5-year price change: +$197,330 (+24.9%)
- Typical home value: $988,427 (#8 most expensive city in metro)
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#4. Bannockburn, Bannockburn

- 1-year price change: +$148,115 (+16.8%)
- 5-year price change: +$176,851 (+20.8%)
- Typical home value: $1,028,620 (#5 most expensive city in metro)
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#3. Kenilworth, Kenilworth

- 1-year price change: +$153,940 (+10.5%)
- 5-year price change: +$278,318 (+20.8%)
- Typical home value: $1,618,229 (#1 most expensive city in metro)
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#2. Winnetka, Winnetka

- 1-year price change: +$162,511 (+12.3%)
- 5-year price change: +$260,310 (+21.3%)
- Typical home value: $1,483,567 (#2 most expensive city in metro)
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#1. Glencoe, Glencoe

- 1-year price change: +$204,085 (+17.2%)
- 5-year price change: +$328,150 (+31.0%)
- Typical home value: $1,387,215 (#3 most expensive city in metro)

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