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📍 Alexander, IL · Zillow ZHVI · July 2026

Average Home Price in
Alexander, IL

Jacksonville, IL metro area · Morgan County County

Median Home Value
$177,449
↑ 10.9% year-over-year
vs. National Median
$410,000
Alexander is 57% below
Est. Monthly Payment
$925/mo
20% down · 6.8% rate
Income Needed
$47K
gross annual (30% rule)
Median Home Value
$177,449
↑ 10.9% year-over-year
Down Payment (20%)$35,490
Monthly P&I$925/mo
With Taxes & Ins.~$1,175/mo
Income Needed$47,000/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Alexander, IL

The median home value in Alexander, IL is $177,449 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.9% compared to a year ago and up 8.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Alexander are priced57% below average. Alexander is part of the Jacksonville, IL metro area.

City Comparison

Alexander vs. National Median

🏠 Alexander
$177,449
National Median
$410,000

At $177,449, homes in Alexander cost 57% below the national median of $410,000. This makes Alexander a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Alexander?

20% Down Payment
$35,490
on $177,449
Monthly P&I
$925/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,175/mo
incl. taxes & insurance
Income Needed
$47,000
gross annual (30% rule)
10% Down Option
$17,745
+ PMI applies
Loan Amount (20% dn)
$141,959
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 Alexander, IL?
The median home value in Alexander is $177,449 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.9% year-over-year.
How much have home prices changed in Alexander?
Over the past year, home values in Alexander have increased by 10.9%.
How much do I need to earn to buy a home in Alexander?
To comfortably afford the median home price of $177,449 with a 20% down payment ($35,490) at today's rates (6.8%), you'd need a gross annual income of approximately $47,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Alexander compare to the national average home price?
The national median home value is approximately $410,000. At $177,449, homes in Alexander are 57% below the national average.
What metro area is Alexander part of?
Alexander is part of the Jacksonville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.