Market Overview
Home Prices in Arthur, IL
The median home value in Arthur, IL is $196,343 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 Arthur are priced52% below average. Arthur is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Arthur home values have risen by approximately40.8%, reflecting strong long-term appreciation in this market.
Price History
Arthur Home Price Trend
City Comparison
Arthur vs. National Median
At $196,343, homes in Arthur cost 52% below the national median of $410,000. This makes Arthur a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Arthur?
20% Down Payment
$39,269
on $196,343
Monthly P&I
$1,024/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,300/mo
incl. taxes & insurance
Income Needed
$52,000
gross annual (30% rule)
10% Down Option
$19,634
+ PMI applies
Loan Amount (20% dn)
$157,074
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 Arthur, IL?
The median home value in Arthur is $196,343 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 Arthur?
Over the past year, home values in Arthur have increased by 9.6%. Over five years, prices have risen approximately 40.8%.
How much do I need to earn to buy a home in Arthur?
To comfortably afford the median home price of $196,343 with a 20% down payment ($39,269) at today's rates (6.8%), you'd need a gross annual income of approximately $52,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Arthur compare to the national average home price?
The national median home value is approximately $410,000. At $196,343, homes in Arthur are 52% below the national average.
What metro area is Arthur part of?
Arthur is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.