Market Overview
Home Prices in Annawan, IL
The median home value in Annawan, IL is $187,599 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.5% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Annawan are priced54% below average. Annawan is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Annawan home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
Annawan Home Price Trend
City Comparison
Annawan vs. National Median
At $187,599, homes in Annawan cost 54% below the national median of $410,000. This makes Annawan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Annawan?
20% Down Payment
$37,520
on $187,599
Monthly P&I
$978/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,242/mo
incl. taxes & insurance
Income Needed
$49,680
gross annual (30% rule)
10% Down Option
$18,760
+ PMI applies
Loan Amount (20% dn)
$150,079
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 Annawan, IL?
The median home value in Annawan is $187,599 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.5% year-over-year.
How much have home prices changed in Annawan?
Over the past year, home values in Annawan have increased by 13.5%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in Annawan?
To comfortably afford the median home price of $187,599 with a 20% down payment ($37,520) at today's rates (6.8%), you'd need a gross annual income of approximately $49,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Annawan compare to the national average home price?
The national median home value is approximately $410,000. At $187,599, homes in Annawan are 54% below the national average.
What metro area is Annawan part of?
Annawan is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.