Mortgage Rates in Illinois — March 2026
Compare current mortgage rates across 9 cities in Illinois. The average 30-year fixed rate is 6.69%, which is 0.04% above the national average of 6.65%.
Illinois Housing Highlights
All 9 Cities in Illinois
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Chicago | 6.69% | $295,000 | $1,521 | 2,693,976 |
| Joliet | 6.69% | $245,000 | $1,263 | 150,362 |
| Naperville | 6.69% | $465,000 | $2,398 | 149,540 |
| Rockford | 6.69% | $135,000 | $696 | 148,655 |
| Springfield | 6.69% | $145,000 | $748 | 114,394 |
| Peoria | 6.69% | $115,000 | $593 | 113,150 |
| Champaign | 6.69% | $175,000 | $902 | 88,302 |
| Bloomington | 6.69% | $195,000 | $1,006 | 77,104 |
| Decatur | 6.69% | $85,000 | $438 | 70,522 |
Illinois Mortgage Rates Guide — 2026
Illinois homebuyers currently see an average 30-year fixed mortgage rate of 6.69%, with median home prices around $206,111. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $1,063.
The most affordable city for homebuyers in Illinois is Decatur, where the median home price is $85,000. On the other end, Naperville has the highest prices at $465,000. Property tax rates across the state average 2.07%.
To comfortably afford a home at the state average price, a household income of approximately $45,557 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Illinois Mortgages
What are current mortgage rates in Illinois?
As of March 2026, the average 30-year fixed mortgage rate in Illinois is 6.69% and the 15-year fixed rate averages 5.93%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Illinois?
The median home price across 9 cities in Illinois is $206,111. Prices range from $85,000 in Decatur to $465,000 in Naperville.
How much income do I need to buy a house in Illinois?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $45,557 to comfortably afford the average home in Illinois. The median household income in the state is approximately $59,741.
Illinois Mortgage Rates by ZIP Code
Explore mortgage rates for specific ZIP codes in Illinois. Rates can vary by neighborhood based on local property values and lending conditions.
Browse Mortgage Rates by State
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