Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Illinois
ILUCSFRCONDOSMSAMID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
286,669.29
Year-over-Year Change
3.53%
Date Range
1/1/2000 - 7/1/2025
Summary
The Zillow Home Value Index (ZHVI) for All Homes in Illinois tracks the median market value of residential properties across the state. This metric is a key indicator of the overall health and affordability of the Illinois housing market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The ZHVI for Illinois represents the median estimated market value of all homes, including single-family residences, condos, and co-ops, within the state. It is a widely used benchmark for evaluating home price trends and housing market conditions.
Methodology
The ZHVI is calculated using Zillow's proprietary algorithms and data on millions of homes.
Historical Context
Policymakers and analysts closely monitor the ZHVI to gauge the economic and financial implications of housing market dynamics.
Key Facts
- The ZHVI for Illinois reached a record high in 2022.
- Home prices in Illinois have risen over 50% in the past decade.
- The ZHVI is updated monthly by Zillow.
FAQs
Q: What does this economic trend measure?
A: The Zillow Home Value Index (ZHVI) for All Homes in Illinois measures the median estimated market value of residential properties, including single-family homes, condos, and co-ops, across the state.
Q: Why is this trend relevant for users or analysts?
A: The ZHVI is a key indicator of housing market conditions and affordability in Illinois, providing insights that are relevant for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The ZHVI is calculated by Zillow using proprietary algorithms and data on millions of homes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the ZHVI to understand the economic and financial implications of housing market dynamics, which can inform policy decisions and market interventions.
Q: Are there update delays or limitations?
A: The ZHVI is updated monthly by Zillow, with the latest data typically available within a few weeks of the end of the previous month.
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Citation
U.S. Federal Reserve, Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Illinois (ILUCSFRCONDOSMSAMID), retrieved from FRED.