Market Overview
Home Prices in Assumption, IL
The median home value in Assumption, IL is $136,890 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 8.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Assumption are priced67% below average. Assumption is part of the Taylorville, IL metro area.
Over the past five years, Assumption home values have risen by approximately42.2%, reflecting strong long-term appreciation in this market.
Price History
Assumption Home Price Trend
City Comparison
Assumption vs. National Median
At $136,890, homes in Assumption cost 67% below the national median of $410,000. This makes Assumption a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Assumption?
20% Down Payment
$27,378
on $136,890
Monthly P&I
$714/mo
30-yr @ 6.8%
Total Monthly Est.
~$907/mo
incl. taxes & insurance
Income Needed
$36,280
gross annual (30% rule)
10% Down Option
$13,689
+ PMI applies
Loan Amount (20% dn)
$109,512
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 Assumption, IL?
The median home value in Assumption is $136,890 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Assumption?
Over the past year, home values in Assumption have increased by 6.9%. Over five years, prices have risen approximately 42.2%.
How much do I need to earn to buy a home in Assumption?
To comfortably afford the median home price of $136,890 with a 20% down payment ($27,378) at today's rates (6.8%), you'd need a gross annual income of approximately $36,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Assumption compare to the national average home price?
The national median home value is approximately $410,000. At $136,890, homes in Assumption are 67% below the national average.
What metro area is Assumption part of?
Assumption is part of the Taylorville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.