Market Overview
Home Prices in Armington, IL
The median home value in Armington, IL is $145,181 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.6% compared to a year ago and up 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Armington are priced65% below average. Armington is part of the Peoria, IL metro area.
Over the past five years, Armington home values have risen by approximately33.2%, reflecting strong long-term appreciation in this market.
Price History
Armington Home Price Trend
City Comparison
Armington vs. National Median
At $145,181, homes in Armington cost 65% below the national median of $410,000. This makes Armington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Armington?
20% Down Payment
$29,036
on $145,181
Monthly P&I
$757/mo
30-yr @ 6.8%
Total Monthly Est.
~$961/mo
incl. taxes & insurance
Income Needed
$38,440
gross annual (30% rule)
10% Down Option
$14,518
+ PMI applies
Loan Amount (20% dn)
$116,145
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 Armington, IL?
The median home value in Armington is $145,181 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.6% year-over-year.
How much have home prices changed in Armington?
Over the past year, home values in Armington have increased by 9.6%. Over five years, prices have risen approximately 33.2%.
How much do I need to earn to buy a home in Armington?
To comfortably afford the median home price of $145,181 with a 20% down payment ($29,036) at today's rates (6.8%), you'd need a gross annual income of approximately $38,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Armington compare to the national average home price?
The national median home value is approximately $410,000. At $145,181, homes in Armington are 65% below the national average.
What metro area is Armington part of?
Armington is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.