Cities with the most expensive homes in the Chicago metro area

Written by:
August 30, 2023
Arina P Habich // Shutterstock

Cities with the most expensive homes in the Chicago metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.

The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Chicago metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

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#30. Campton Hills, IL

- Typical home value: $568,578
- 1-year price change: +3.2%
- 5-year price change: +38.8%

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#29. Northbrook, IL

- Typical home value: $573,306
- 1-year price change: +1.7%
- 5-year price change: +17.0%

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#28. Clarendon Hills, IL

- Typical home value: $576,235
- 1-year price change: +2.0%
- 5-year price change: +18.4%

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#27. River Forest, IL

- Typical home value: $627,034
- 1-year price change: +1.9%
- 5-year price change: +21.6%

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#26. Lincolnshire, IL

- Typical home value: $628,072
- 1-year price change: +5.1%
- 5-year price change: +21.2%

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#25. Hawthorn Woods, IL

- Typical home value: $635,128
- 1-year price change: +3.6%
- 5-year price change: +27.8%

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#24. Highland Park, IL

- Typical home value: $636,746
- 1-year price change: +4.2%
- 5-year price change: +26.2%

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#23. Wayne, IL

- Typical home value: $651,223
- 1-year price change: +2.9%
- 5-year price change: +31.1%

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#22. Deer Park, IL

- Typical home value: $657,711
- 1-year price change: +3.3%
- 5-year price change: +27.8%

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#21. Northfield, IL

- Typical home value: $695,104
- 1-year price change: +0.8%
- 5-year price change: +18.8%

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#20. Western Springs, IL

- Typical home value: $700,627
- 1-year price change: +1.5%
- 5-year price change: +21.5%

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#19. Inverness, IL

- Typical home value: $704,777
- 1-year price change: +2.9%
- 5-year price change: +20.2%

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#18. Burr Ridge, IL

- Typical home value: $716,741
- 1-year price change: +1.1%
- 5-year price change: +18.7%

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#17. Kildeer, IL

- Typical home value: $740,912
- 1-year price change: +1.7%
- 5-year price change: +23.6%

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#16. North Barrington, IL

- Typical home value: $758,028
- 1-year price change: +4.3%
- 5-year price change: +29.4%

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#15. Wilmette, IL

- Typical home value: $795,360
- 1-year price change: +2.0%
- 5-year price change: +22.6%

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#14. Long Grove, IL

- Typical home value: $806,908
- 1-year price change: +5.0%
- 5-year price change: +27.7%

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#13. Mettawa, IL

- Typical home value: $807,799
- 1-year price change: +3.4%
- 5-year price change: +27.0%

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#12. Oak Brook, IL

- Typical home value: $831,936
- 1-year price change: +3.7%
- 5-year price change: +21.1%

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#11. Riverwoods, IL

- Typical home value: $832,888
- 1-year price change: +3.7%
- 5-year price change: +21.0%

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#10. Barrington Hills, IL

- Typical home value: $859,063
- 1-year price change: +0.6%
- 5-year price change: +23.7%

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#9. Dune Acres, IN

- Typical home value: $866,576
- 1-year price change: -0.7%
- 5-year price change: +46.2%

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#8. South Barrington, IL

- Typical home value: $960,200
- 1-year price change: +3.7%
- 5-year price change: +23.4%

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#7. Golf, IL

- Typical home value: $995,328
- 1-year price change: +0.4%
- 5-year price change: +26.5%

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#6. Hinsdale, IL

- Typical home value: $1,003,862
- 1-year price change: +1.7%
- 5-year price change: +11.9%

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#5. Lake Forest, IL

- Typical home value: $1,009,954
- 1-year price change: +3.7%
- 5-year price change: +23.5%

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#4. Bannockburn, IL

- Typical home value: $1,038,539
- 1-year price change: +6.3%
- 5-year price change: +24.7%

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#3. Glencoe, IL

- Typical home value: $1,235,221
- 1-year price change: +3.0%
- 5-year price change: +32.9%

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#2. Winnetka, IL

- Typical home value: $1,450,451
- 1-year price change: +3.2%
- 5-year price change: +35.9%

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#1. Kenilworth, IL

- Typical home value: $1,651,158
- 1-year price change: +4.9%
- 5-year price change: +40.8%

This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.

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