Market Overview
Home Prices in Cairo, IL
The median home value in Cairo, IL is $23,613 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 18.7% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cairo are priced94% below average. Cairo is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Cairo home values have fallen by approximately34.9%, reflecting softening conditions in this market.
Price History
Cairo Home Price Trend
2021
$36,260
$36K
—
2022
$33,198
$33K
-8.4%
2023
$25,456
$25K
-23.3%
2024
$28,016
$28K
+10.1%
2025
$29,037
$29K
+3.6%
2026
$23,613
$24K
-18.7%
City Comparison
Cairo vs. National Median
🏠 Cairo
$23,613
National Median
$410,000
At $23,613, homes in Cairo cost 94% below the national median of $410,000. This makes Cairo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cairo?
20% Down Payment
$4,723
on $23,613
Monthly P&I
$123/mo
30-yr @ 6.8%
Total Monthly Est.
~$156/mo
incl. taxes & insurance
Income Needed
$6,240
gross annual (30% rule)
10% Down Option
$2,361
+ PMI applies
Loan Amount (20% dn)
$18,890
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 Cairo, IL?
The median home value in Cairo is $23,613 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 18.7% year-over-year.
How much have home prices changed in Cairo?
Over the past year, home values in Cairo have decreased by 18.7%. Over five years, prices have fallen approximately 34.9%.
How much do I need to earn to buy a home in Cairo?
To comfortably afford the median home price of $23,613 with a 20% down payment ($4,723) at today's rates (6.8%), you'd need a gross annual income of approximately $6,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Cairo compare to the national average home price?
The national median home value is approximately $410,000. At $23,613, homes in Cairo are 94% below the national average.
What metro area is Cairo part of?
Cairo is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.