Market Overview
Home Prices in Buncombe, IL
The median home value in Buncombe, IL is $176,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and down 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Buncombe are priced57% below average. Buncombe is part of the Carbondale-Marion, IL metro area.
Over the past five years, Buncombe home values have risen by approximately0.2%, reflecting modest growth in this market.
Price History
Buncombe Home Price Trend
City Comparison
Buncombe vs. National Median
At $176,309, homes in Buncombe cost 57% below the national median of $410,000. This makes Buncombe a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Buncombe?
20% Down Payment
$35,262
on $176,309
Monthly P&I
$920/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,168/mo
incl. taxes & insurance
Income Needed
$46,720
gross annual (30% rule)
10% Down Option
$17,631
+ PMI applies
Loan Amount (20% dn)
$141,047
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 Buncombe, IL?
The median home value in Buncombe is $176,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Buncombe?
Over the past year, home values in Buncombe have increased by 0.1%. Over five years, prices have risen approximately 0.2%.
How much do I need to earn to buy a home in Buncombe?
To comfortably afford the median home price of $176,309 with a 20% down payment ($35,262) at today's rates (6.8%), you'd need a gross annual income of approximately $46,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Buncombe compare to the national average home price?
The national median home value is approximately $410,000. At $176,309, homes in Buncombe are 57% below the national average.
What metro area is Buncombe part of?
Buncombe is part of the Carbondale-Marion, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.