Market Overview
Home Prices in Allendale, IL
The median home value in Allendale, IL is $150,518 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allendale are priced63% below average.
Over the past five years, Allendale home values have risen by approximately17.1%, reflecting steady appreciation in this market.
Price History
Allendale Home Price Trend
2021
$128,573
$129K
—
2022
$156,682
$157K
+21.9%
2023
$166,209
$166K
+6.1%
2024
$141,325
$141K
-15.0%
2025
$143,998
$144K
+1.9%
2026
$150,518
$151K
+4.5%
City Comparison
Allendale vs. National Median
🏠 Allendale
$150,518
National Median
$410,000
At $150,518, homes in Allendale cost 63% below the national median of $410,000. This makes Allendale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allendale?
20% Down Payment
$30,104
on $150,518
Monthly P&I
$785/mo
30-yr @ 6.8%
Total Monthly Est.
~$997/mo
incl. taxes & insurance
Income Needed
$39,880
gross annual (30% rule)
10% Down Option
$15,052
+ PMI applies
Loan Amount (20% dn)
$120,414
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 Allendale, IL?
The median home value in Allendale is $150,518 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Allendale?
Over the past year, home values in Allendale have increased by 4.5%. Over five years, prices have risen approximately 17.1%.
How much do I need to earn to buy a home in Allendale?
To comfortably afford the median home price of $150,518 with a 20% down payment ($30,104) at today's rates (6.8%), you'd need a gross annual income of approximately $39,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Allendale compare to the national average home price?
The national median home value is approximately $410,000. At $150,518, homes in Allendale are 63% below the national average.