Cities with the most expensive homes in the Chicago metro area

·Stacker

scarp577 // Shutterstock
scarp577 // Shutterstock

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 $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.

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. Data was available for 346 cities and towns.

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#30. Campton Hills, IL

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#30. Campton Hills, IL

- Typical home value: $695,333
- 1-year price change: +6.5%
- 5-year price change: +40.7%

#29. Glenview, IL

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#29. Glenview, IL

- Typical home value: $697,923
- 1-year price change: +10.4%
- 5-year price change: +33.8%

#28. Northbrook, IL

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#28. Northbrook, IL

- Typical home value: $715,308
- 1-year price change: +10.0%
- 5-year price change: +37.2%

#27. River Forest, IL

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#27. River Forest, IL

- Typical home value: $738,290
- 1-year price change: +11.3%
- 5-year price change: +34.6%

#25. Hawthorn Woods, IL

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#25. Hawthorn Woods, IL

- Typical home value: $762,037
- 1-year price change: +6.3%
- 5-year price change: +39.0%

#24. Deer Park, IL

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#24. Deer Park, IL

- Typical home value: $781,384
- 1-year price change: +6.9%
- 5-year price change: +34.7%

#23. Wayne, IL

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#23. Wayne, IL

- Typical home value: $788,280
- 1-year price change: +7.2%
- 5-year price change: +38.4%

#22. Highland Park, IL

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#22. Highland Park, IL

- Typical home value: $807,638
- 1-year price change: +9.2%
- 5-year price change: +45.6%

#20. Burr Ridge, IL

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#20. Burr Ridge, IL

- Typical home value: $858,569
- 1-year price change: +6.9%
- 5-year price change: +29.4%

#19. Kildeer, IL

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#19. Kildeer, IL

- Typical home value: $873,817
- 1-year price change: +3.9%
- 5-year price change: +29.5%

#18. North Barrington, IL

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#18. North Barrington, IL

- Typical home value: $875,180
- 1-year price change: +7.9%
- 5-year price change: +41.1%

#17. Northfield, IL

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#17. Northfield, IL

- Typical home value: $896,262
- 1-year price change: +11.5%
- 5-year price change: +39.6%

#16. Western Springs, IL

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#16. Western Springs, IL

- Typical home value: $912,036
- 1-year price change: +12.1%
- 5-year price change: +37.3%

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#15. Dune Acres, IN

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#15. Dune Acres, IN

- Typical home value: $940,961
- 1-year price change: +13.4%
- 5-year price change: +39.0%

#14. Long Grove, IL

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#14. Long Grove, IL

- Typical home value: $969,305
- 1-year price change: +6.0%
- 5-year price change: +42.4%

#13. Mettawa, IL

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#13. Mettawa, IL

- Typical home value: $978,290
- 1-year price change: +9.7%
- 5-year price change: +43.1%

#12. Oak Brook, IL

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#12. Oak Brook, IL

- Typical home value: $990,584
- 1-year price change: +8.9%
- 5-year price change: +37.6%

#11. Riverwoods, IL

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#11. Riverwoods, IL

- Typical home value: $1,008,557
- 1-year price change: +8.4%
- 5-year price change: +40.2%

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#10. Wilmette, IL

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#10. Wilmette, IL

- Typical home value: $1,014,121
- 1-year price change: +13.4%
- 5-year price change: +42.7%

#9. Barrington Hills, IL

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#9. Barrington Hills, IL

- Typical home value: $1,090,687
- 1-year price change: +9.9%
- 5-year price change: +36.3%

#8. South Barrington, IL

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#8. South Barrington, IL

- Typical home value: $1,165,345
- 1-year price change: +8.0%
- 5-year price change: +37.5%

#7. Lake Forest, IL

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#7. Lake Forest, IL

- Typical home value: $1,248,040
- 1-year price change: +10.8%
- 5-year price change: +46.6%

#6. Bannockburn, IL

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#6. Bannockburn, IL

- Typical home value: $1,260,869
- 1-year price change: +11.9%
- 5-year price change: +49.1%

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#5. Hinsdale, IL

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#5. Hinsdale, IL

- Typical home value: $1,298,279
- 1-year price change: +9.6%
- 5-year price change: +38.1%

#4. Golf, IL

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#4. Golf, IL

- Typical home value: $1,328,520
- 1-year price change: +10.9%
- 5-year price change: +43.5%

#3. Glencoe, IL

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#3. Glencoe, IL

- Typical home value: $1,681,872
- 1-year price change: +14.9%
- 5-year price change: +60.0%

#2. Winnetka, IL

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#2. Winnetka, IL

- Typical home value: $1,940,311
- 1-year price change: +13.9%
- 5-year price change: +54.4%