Market Overview
Home Prices in Benson, IL
The median home value in Benson, IL is $168,098 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 9.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Benson are priced59% below average. Benson is part of the Peoria, IL metro area.
Over the past five years, Benson home values have risen by approximately17.9%, reflecting steady appreciation in this market.
Price History
Benson Home Price Trend
2020
$132,106
$132K
—
2021
$142,521
$143K
+7.9%
2022
$158,825
$159K
+11.4%
2023
$148,604
$149K
-6.4%
2024
$145,075
$145K
-2.4%
2025
$158,870
$159K
+9.5%
2026
$168,098
$168K
+5.8%
City Comparison
Benson vs. National Median
🏠 Benson
$168,098
National Median
$410,000
At $168,098, homes in Benson cost 59% below the national median of $410,000. This makes Benson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Benson?
20% Down Payment
$33,620
on $168,098
Monthly P&I
$877/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,114/mo
incl. taxes & insurance
Income Needed
$44,560
gross annual (30% rule)
10% Down Option
$16,810
+ PMI applies
Loan Amount (20% dn)
$134,478
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 Benson, IL?
The median home value in Benson is $168,098 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Benson?
Over the past year, home values in Benson have increased by 5.8%. Over five years, prices have risen approximately 17.9%.
How much do I need to earn to buy a home in Benson?
To comfortably afford the median home price of $168,098 with a 20% down payment ($33,620) at today's rates (6.8%), you'd need a gross annual income of approximately $44,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Benson compare to the national average home price?
The national median home value is approximately $410,000. At $168,098, homes in Benson are 59% below the national average.
What metro area is Benson part of?
Benson is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.