Market Overview
Home Prices in Beason, IL
The median home value in Beason, IL is $161,311 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.3% compared to a year ago and down 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Beason are priced61% below average. Beason is part of the Lincoln, IL metro area.
Over the past five years, Beason home values have risen by approximately18.2%, reflecting steady appreciation in this market.
Price History
Beason Home Price Trend
2020
$131,686
$132K
—
2021
$136,480
$136K
+3.6%
2022
$143,692
$144K
+5.3%
2023
$144,599
$145K
+0.6%
2024
$148,194
$148K
+2.5%
2025
$144,938
$145K
-2.2%
2026
$161,311
$161K
+11.3%
City Comparison
Beason vs. National Median
🏠 Beason
$161,311
National Median
$410,000
At $161,311, homes in Beason cost 61% below the national median of $410,000. This makes Beason a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Beason?
20% Down Payment
$32,262
on $161,311
Monthly P&I
$841/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,068/mo
incl. taxes & insurance
Income Needed
$42,720
gross annual (30% rule)
10% Down Option
$16,131
+ PMI applies
Loan Amount (20% dn)
$129,049
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 Beason, IL?
The median home value in Beason is $161,311 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.3% year-over-year.
How much have home prices changed in Beason?
Over the past year, home values in Beason have increased by 11.3%. Over five years, prices have risen approximately 18.2%.
How much do I need to earn to buy a home in Beason?
To comfortably afford the median home price of $161,311 with a 20% down payment ($32,262) at today's rates (6.8%), you'd need a gross annual income of approximately $42,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Beason compare to the national average home price?
The national median home value is approximately $410,000. At $161,311, homes in Beason are 61% below the national average.
What metro area is Beason part of?
Beason is part of the Lincoln, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.