Market Overview
Home Prices in Aledo, IL
The median home value in Aledo, IL is $173,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Aledo are priced58% below average. Aledo is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Aledo home values have risen by approximately13.8%, reflecting steady appreciation in this market.
Price History
Aledo Home Price Trend
City Comparison
Aledo vs. National Median
At $173,594, homes in Aledo cost 58% below the national median of $410,000. This makes Aledo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Aledo?
20% Down Payment
$34,719
on $173,594
Monthly P&I
$905/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,149/mo
incl. taxes & insurance
Income Needed
$45,960
gross annual (30% rule)
10% Down Option
$17,359
+ PMI applies
Loan Amount (20% dn)
$138,875
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Aledo, IL?
The median home value in Aledo is $173,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Aledo?
Over the past year, home values in Aledo have increased by 7.1%. Over five years, prices have risen approximately 13.8%.
How much do I need to earn to buy a home in Aledo?
To comfortably afford the median home price of $173,594 with a 20% down payment ($34,719) at today's rates (6.8%), you'd need a gross annual income of approximately $45,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Aledo compare to the national average home price?
The national median home value is approximately $410,000. At $173,594, homes in Aledo are 58% below the national average.
What metro area is Aledo part of?
Aledo is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.