Market Overview
Home Prices in Belknap, IL
The median home value in Belknap, IL is $155,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Belknap are priced62% below average. Belknap is part of the Paducah, KY-IL metro area.
Price History
Belknap Home Price Trend
2022
$156,954
$157K
—
2023
$159,744
$160K
+1.8%
2024
$155,313
$155K
-2.8%
2025
$153,169
$153K
-1.4%
2026
$155,555
$156K
+1.6%
City Comparison
Belknap vs. National Median
🏠 Belknap
$155,555
National Median
$410,000
At $155,555, homes in Belknap cost 62% below the national median of $410,000. This makes Belknap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Belknap?
20% Down Payment
$31,111
on $155,555
Monthly P&I
$811/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,030/mo
incl. taxes & insurance
Income Needed
$41,200
gross annual (30% rule)
10% Down Option
$15,556
+ PMI applies
Loan Amount (20% dn)
$124,444
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 Belknap, IL?
The median home value in Belknap is $155,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Belknap?
Over the past year, home values in Belknap have increased by 1.6%.
How much do I need to earn to buy a home in Belknap?
To comfortably afford the median home price of $155,555 with a 20% down payment ($31,111) at today's rates (6.8%), you'd need a gross annual income of approximately $41,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Belknap compare to the national average home price?
The national median home value is approximately $410,000. At $155,555, homes in Belknap are 62% below the national average.
What metro area is Belknap part of?
Belknap is part of the Paducah, KY-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.