Market Overview
Home Prices in Caledonia, IL
The median home value in Caledonia, IL is $365,301 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 6.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Caledonia are priced11% below average. Caledonia is part of the Rockford, IL metro area.
Over the past five years, Caledonia home values have risen by approximately42.8%, reflecting strong long-term appreciation in this market.
Price History
Caledonia Home Price Trend
City Comparison
Caledonia vs. National Median
At $365,301, homes in Caledonia cost 11% below the national median of $410,000. This makes Caledonia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Caledonia?
20% Down Payment
$73,060
on $365,301
Monthly P&I
$1,905/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,419/mo
incl. taxes & insurance
Income Needed
$96,760
gross annual (30% rule)
10% Down Option
$36,530
+ PMI applies
Loan Amount (20% dn)
$292,241
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 Caledonia, IL?
The median home value in Caledonia is $365,301 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Caledonia?
Over the past year, home values in Caledonia have increased by 8.1%. Over five years, prices have risen approximately 42.8%.
How much do I need to earn to buy a home in Caledonia?
To comfortably afford the median home price of $365,301 with a 20% down payment ($73,060) at today's rates (6.8%), you'd need a gross annual income of approximately $96,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Caledonia compare to the national average home price?
The national median home value is approximately $410,000. At $365,301, homes in Caledonia are 11% below the national average.
What metro area is Caledonia part of?
Caledonia is part of the Rockford, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.