The median home in Joliet, Illinois is valued at $254,571, up 2.0% year over year. Typical monthly rent is $1,621, producing a price-to-rent ratio of 13.1x — below the national average of 18x. Joliet is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$254,571

+2.0%

Rent$1,621/mo

AFFORDABILITY

Enter your income for Joliet.

Income (annual)

Down Payment

$50,914 on $254,571

Stretch — 30.6% of income

Above 28% but manageable with cuts.

PITI$1,910

P/I30.6%

Afford$233K

Gap-$21K

P&I $1,287Tax $473Ins $150

Renting $289/mo cheaper ($1,621 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Joliet with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

JOLIET, IL