Market Overview
Home Prices in Bement, IL
The median home value in Bement, IL is $168,852 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.1% compared to a year ago and up 7.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bement are priced59% below average. Bement is part of the Champaign-Urbana, IL metro area.
Over the past five years, Bement home values have risen by approximately15.8%, reflecting steady appreciation in this market.
Price History
Bement Home Price Trend
City Comparison
Bement vs. National Median
At $168,852, homes in Bement cost 59% below the national median of $410,000. This makes Bement a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bement?
20% Down Payment
$33,770
on $168,852
Monthly P&I
$881/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,119/mo
incl. taxes & insurance
Income Needed
$44,760
gross annual (30% rule)
10% Down Option
$16,885
+ PMI applies
Loan Amount (20% dn)
$135,082
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 Bement, IL?
The median home value in Bement is $168,852 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.1% year-over-year.
How much have home prices changed in Bement?
Over the past year, home values in Bement have decreased by 0.1%. Over five years, prices have risen approximately 15.8%.
How much do I need to earn to buy a home in Bement?
To comfortably afford the median home price of $168,852 with a 20% down payment ($33,770) at today's rates (6.8%), you'd need a gross annual income of approximately $44,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Bement compare to the national average home price?
The national median home value is approximately $410,000. At $168,852, homes in Bement are 59% below the national average.
What metro area is Bement part of?
Bement is part of the Champaign-Urbana, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.