Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$376,285+2.8% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$81,571About 0.7× the local median income ($109,888): affordable for a typical household
Days on market36 daysAbout the same pace as a year ago
Next 12 months+2.7%Zillow expects prices to rise slightly
The typical home in Will County, IL is worth $376,285, up 2.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $354,891, so the area is 6.0% overvalued. It is a balanced market: homes take about 36 days to sell, listings are up 7% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.7% over the next year. A household needs about $81,571 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $109,888. Typical rent is $2,374 a month, or $2,784 for a house. In the latest IRS figures, 334 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$376,285
Change in 1 year
+2.8%
Overvalued %
+6.0%
Show 7 more
Fair home value
$354,891
Change in 5 years
+28.8%
Zillow forecast, next 12 months
+2.7%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$2,039
Income needed to afford it
$81,571
Property tax rate
2.24%
Rent and investing
Typical rent
$2,374
Typical rent for houses
$2,784
Price-to-rent ratio
13.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,011
Gross rental yield
7.57%
Cap rate (estimate)
4.92%
Market activity
Listings vs a year ago
+7.1%
Days on market
36
Listings with a price cut
20.3%
Show 3 more
Homes for sale
1,418
Pending sales per 100 listings
68
Asking price per sq ft
$204
People and jobs
Median household income
$109,888
Population change (1 year)
+0.5%
Unemployment rate
4.9%
Show 4 more
Population
712,253
Income adjusted for cost of living
$106,069
Net moves in (IRS)
+334
Cost of living (US = 100)
103.6
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
97.3
Unhealthy air days a year
5
Show 4 more
Flood risk score
97.9
Wildfire risk score
56.2
Walkability (1 to 20)
8.8
Road, rail and air noise
54 dB
Questions people ask
Is Will County, IL overvalued?
Home prices in Will County, IL are slightly above what local incomes have historically supported: fair value is about $354,891, so the area is 6.0% overvalued.
Is Will County, IL a buyer's or seller's market?
Will County, IL is a balanced market: homes take about 36 days to sell, listings are up 7% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Will County, IL?
Home values in Will County, IL are up 2.8% over the last year. Zillow's forecast for the next 12 months is +2.7%.
How much do you need to earn to buy a home in Will County, IL?
A household needs about $81,571 a year to afford the typical home in Will County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $109,888.