Market Overview
Home Prices in Ashmore, IL
The median home value in Ashmore, IL is $140,897 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and up 15% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ashmore are priced66% below average. Ashmore is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Ashmore home values have risen by approximately37.3%, reflecting strong long-term appreciation in this market.
Price History
Ashmore Home Price Trend
City Comparison
Ashmore vs. National Median
At $140,897, homes in Ashmore cost 66% below the national median of $410,000. This makes Ashmore a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ashmore?
20% Down Payment
$28,179
on $140,897
Monthly P&I
$735/mo
30-yr @ 6.8%
Total Monthly Est.
~$933/mo
incl. taxes & insurance
Income Needed
$37,320
gross annual (30% rule)
10% Down Option
$14,090
+ PMI applies
Loan Amount (20% dn)
$112,718
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 Ashmore, IL?
The median home value in Ashmore is $140,897 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Ashmore?
Over the past year, home values in Ashmore have increased by 7%. Over five years, prices have risen approximately 37.3%.
How much do I need to earn to buy a home in Ashmore?
To comfortably afford the median home price of $140,897 with a 20% down payment ($28,179) at today's rates (6.8%), you'd need a gross annual income of approximately $37,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Ashmore compare to the national average home price?
The national median home value is approximately $410,000. At $140,897, homes in Ashmore are 66% below the national average.
What metro area is Ashmore part of?
Ashmore is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.