Market Overview
Home Prices in Buckingham, IL
The median home value in Buckingham, IL is $272,959 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 15.8% compared to a year ago and down 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buckingham are priced33% below average. Buckingham is part of the Kankakee, IL metro area.
Price History
Buckingham Home Price Trend
2022
$238,099
$238K
—
2023
$235,462
$235K
-1.1%
2024
$240,397
$240K
+2.1%
2025
$235,720
$236K
-1.9%
2026
$272,959
$273K
+15.8%
City Comparison
Buckingham vs. National Median
🏠 Buckingham
$272,959
National Median
$410,000
At $272,959, homes in Buckingham cost 33% below the national median of $410,000. This makes Buckingham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Buckingham?
20% Down Payment
$54,592
on $272,959
Monthly P&I
$1,424/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,808/mo
incl. taxes & insurance
Income Needed
$72,320
gross annual (30% rule)
10% Down Option
$27,296
+ PMI applies
Loan Amount (20% dn)
$218,367
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 Buckingham, IL?
The median home value in Buckingham is $272,959 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 15.8% year-over-year.
How much have home prices changed in Buckingham?
Over the past year, home values in Buckingham have increased by 15.8%.
How much do I need to earn to buy a home in Buckingham?
To comfortably afford the median home price of $272,959 with a 20% down payment ($54,592) at today's rates (6.8%), you'd need a gross annual income of approximately $72,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Buckingham compare to the national average home price?
The national median home value is approximately $410,000. At $272,959, homes in Buckingham are 33% below the national average.
What metro area is Buckingham part of?
Buckingham is part of the Kankakee, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.