Metro area index
Home appreciation in the Chicago-Naperville-Schaumburg, IL metropolitan division
FHFA HPI® data shows the Chicago-Naperville-Schaumburg, IL metropolitan division's all-transactions index changed +6.2% over the year to Q2 2026, versus +6.0% for Illinois and +3.0% for the U.S. That ranks 55th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +6.2%
- 5-year change
- +45.5%
- Since Q1 1995
- +196%
- Metro rank (1 year)
- 55th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Chicago-Naperville-Schaumburg, IL vs Illinois and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Chicago-Naperville-Schaumburg, IL: 296.2
- Illinois: 283.5
- United States: 391.6
Appreciation by time window
| Window | Metro | IL | U.S. | Gap vs IL | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.2% | +6.0% | +3.0% | +0.2 pts | +3.2 pts |
| 3 years | +21.9% | +21.8% | +12.9% | +0.1 pts | +9.0 pts |
| 5 years | +45.5% | +46.9% | +41.3% | −1.4 pts | +4.2 pts |
| 10 years | +75.7% | +75.6% | +93.3% | +0.1 pts | −17.6 pts |
| Since Q1 1995 | +196% | +184% | +292% | +12.7 pts | −95.3 pts |
3-digit ZIP regions in the Chicago-Naperville-Schaumburg, IL area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 602 · Evanston, IL area | IL | +11.4% | +45.3% | +260% | 100% |
| 603 · Oak Park, IL area | IL | +8.7% | +43.6% | +291% | 100% |
| 606 · Chicago, IL area | IL | +7.0% | +38.5% | +270% | 100% |
| 607 · Niles, IL area | IL | +7.8% | +39.1% | +199% | 100% |
| 608 · Cicero, IL area | IL | +5.0% | +42.3% | +183% | 100% |
| 604 · Joliet, IL area | IL | +5.5% | +44.5% | +162% | 99% |
| 601 · Elgin, IL area | IL | +6.8% | +49.8% | +185% | 72% |
| 605 · Aurora, IL area | IL | +4.7% | +47.8% | +200% | 65% |
| 600 · Waukegan, IL area | IL | +5.6% | +49.5% | +168% | 57% |
Boom, bust, and recovery in Chicago-Naperville-Schaumburg, IL area
Chicago-Naperville-Schaumburg, IL area's index peaked in Q1 2007, fell 28.9% to its low in Q2 2012, and regained its peak in Q3 2021, about 14.5 years after the top. Today it sits +43.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2007 | Q2 2012 | -28.9% | Q3 2021 (14.5 yrs) | +43.8% |
| IL | Q1 2007 | Q2 2012 | -21.8% | Q2 2021 (14.2 yrs) | +51.8% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Chicago-Naperville-Schaumburg, IL area's index has changed +33.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | IL after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +2.3% | +2.0% | -0.8% |
| 3 years | +9.8% | +11.0% | +10.9% | +2.8% |
| 5 years | +24.0% | +17.3% | +18.4% | +13.9% |
| 10 years | +39.1% | +26.3% | +26.3% | +39.0% |
| Since Q1 1995 | +121% | +33.8% | +28.0% | +76.8% |
If you bought in the Chicago-Naperville-Schaumburg, IL area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +192% | $876,015 |
| Q2 2000 | +136% | $707,226 |
| Q2 2005 | +58.7% | $476,094 |
| Q2 2010 | +82.9% | $548,571 |
| Q2 2015 | +81.2% | $543,604 |
| Q2 2020 | +57.1% | $471,447 |
| Q2 2021 | +45.5% | $436,459 |
| Q2 2023 | +21.8% | $365,541 |
| Q2 2025 | +6.2% | $318,608 |
Frequently asked questions
- How much have home prices risen in the Chicago-Naperville-Schaumburg, IL area?
- FHFA HPI® data for the Chicago-Naperville-Schaumburg, IL metropolitan division shows changes of +6.2% over one year, +45.5% over five years, and +75.7% over ten years to Q2 2026, and +196% since Q1 1995.
- Is the Chicago-Naperville-Schaumburg, IL area beating the national average?
- Over the past year the metro's index moved +3.2 pts versus the U.S.; over five years the gap is +4.2 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.