Market Overview
Home Prices in Alvin, IL
The median home value in Alvin, IL is $163,119 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alvin are priced60% below average. Alvin is part of the Danville, IL metro area.
Over the past five years, Alvin home values have risen by approximately12.9%, reflecting steady appreciation in this market.
Price History
Alvin Home Price Trend
2021
$144,497
$144K
—
2022
$161,899
$162K
+12.0%
2023
$165,375
$165K
+2.1%
2024
$155,804
$156K
-5.8%
2025
$154,616
$155K
-0.8%
2026
$163,119
$163K
+5.5%
City Comparison
Alvin vs. National Median
🏠 Alvin
$163,119
National Median
$410,000
At $163,119, homes in Alvin cost 60% below the national median of $410,000. This makes Alvin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alvin?
20% Down Payment
$32,624
on $163,119
Monthly P&I
$851/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,081/mo
incl. taxes & insurance
Income Needed
$43,240
gross annual (30% rule)
10% Down Option
$16,312
+ PMI applies
Loan Amount (20% dn)
$130,495
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 Alvin, IL?
The median home value in Alvin is $163,119 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Alvin?
Over the past year, home values in Alvin have increased by 5.5%. Over five years, prices have risen approximately 12.9%.
How much do I need to earn to buy a home in Alvin?
To comfortably afford the median home price of $163,119 with a 20% down payment ($32,624) at today's rates (6.8%), you'd need a gross annual income of approximately $43,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Alvin compare to the national average home price?
The national median home value is approximately $410,000. At $163,119, homes in Alvin are 60% below the national average.
What metro area is Alvin part of?
Alvin is part of the Danville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.