Market Overview
Home Prices in Carrier Mills, IL
The median home value in Carrier Mills, IL is $72,718 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 11.7% compared to a year ago and down 8.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carrier Mills are priced82% below average.
Over the past five years, Carrier Mills home values have fallen by approximately12.6%, reflecting softening conditions in this market.
Price History
Carrier Mills Home Price Trend
2020
$86,466
$86K
—
2021
$83,201
$83K
-3.8%
2022
$82,600
$83K
-0.7%
2023
$94,549
$95K
+14.5%
2024
$89,712
$90K
-5.1%
2025
$82,394
$82K
-8.2%
2026
$72,718
$73K
-11.7%
City Comparison
Carrier Mills vs. National Median
🏠 Carrier Mills
$72,718
National Median
$410,000
At $72,718, homes in Carrier Mills cost 82% below the national median of $410,000. This makes Carrier Mills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carrier Mills?
20% Down Payment
$14,544
on $72,718
Monthly P&I
$379/mo
30-yr @ 6.8%
Total Monthly Est.
~$481/mo
incl. taxes & insurance
Income Needed
$19,240
gross annual (30% rule)
10% Down Option
$7,272
+ PMI applies
Loan Amount (20% dn)
$58,174
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 Carrier Mills, IL?
The median home value in Carrier Mills is $72,718 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 11.7% year-over-year.
How much have home prices changed in Carrier Mills?
Over the past year, home values in Carrier Mills have decreased by 11.7%. Over five years, prices have fallen approximately 12.6%.
How much do I need to earn to buy a home in Carrier Mills?
To comfortably afford the median home price of $72,718 with a 20% down payment ($14,544) at today's rates (6.8%), you'd need a gross annual income of approximately $19,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Carrier Mills compare to the national average home price?
The national median home value is approximately $410,000. At $72,718, homes in Carrier Mills are 82% below the national average.