Market Overview
Home Prices in Arrowsmith, IL
The median home value in Arrowsmith, IL is $205,766 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.3% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Arrowsmith are priced50% below average. Arrowsmith is part of the Bloomington, IL metro area.
Over the past five years, Arrowsmith home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Arrowsmith Home Price Trend
City Comparison
Arrowsmith vs. National Median
At $205,766, homes in Arrowsmith cost 50% below the national median of $410,000. This makes Arrowsmith a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Arrowsmith?
20% Down Payment
$41,153
on $205,766
Monthly P&I
$1,073/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,363/mo
incl. taxes & insurance
Income Needed
$54,520
gross annual (30% rule)
10% Down Option
$20,577
+ PMI applies
Loan Amount (20% dn)
$164,613
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 Arrowsmith, IL?
The median home value in Arrowsmith is $205,766 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.3% year-over-year.
How much have home prices changed in Arrowsmith?
Over the past year, home values in Arrowsmith have increased by 9.3%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Arrowsmith?
To comfortably afford the median home price of $205,766 with a 20% down payment ($41,153) at today's rates (6.8%), you'd need a gross annual income of approximately $54,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Arrowsmith compare to the national average home price?
The national median home value is approximately $410,000. At $205,766, homes in Arrowsmith are 50% below the national average.
What metro area is Arrowsmith part of?
Arrowsmith is part of the Bloomington, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.