Market Overview
Home Prices in Benton, IL
The median home value in Benton, IL is $124,047 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and down 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Benton are priced70% below average.
Over the past five years, Benton home values have fallen by approximately12.5%, reflecting softening conditions in this market.
Price History
Benton Home Price Trend
2020
$150,081
$150K
—
2021
$141,776
$142K
-5.5%
2022
$140,345
$140K
-1.0%
2023
$143,679
$144K
+2.4%
2024
$125,640
$126K
-12.6%
2025
$119,117
$119K
-5.2%
2026
$124,047
$124K
+4.1%
City Comparison
Benton vs. National Median
🏠 Benton
$124,047
National Median
$410,000
At $124,047, homes in Benton cost 70% below the national median of $410,000. This makes Benton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Benton?
20% Down Payment
$24,809
on $124,047
Monthly P&I
$647/mo
30-yr @ 6.8%
Total Monthly Est.
~$822/mo
incl. taxes & insurance
Income Needed
$32,880
gross annual (30% rule)
10% Down Option
$12,405
+ PMI applies
Loan Amount (20% dn)
$99,238
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 Benton, IL?
The median home value in Benton is $124,047 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Benton?
Over the past year, home values in Benton have increased by 4.1%. Over five years, prices have fallen approximately 12.5%.
How much do I need to earn to buy a home in Benton?
To comfortably afford the median home price of $124,047 with a 20% down payment ($24,809) at today's rates (6.8%), you'd need a gross annual income of approximately $32,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Benton compare to the national average home price?
The national median home value is approximately $410,000. At $124,047, homes in Benton are 70% below the national average.