Market Overview
Home Prices in Centralia, IL
The median home value in Centralia, IL is $114,537 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Centralia are priced72% below average. Centralia is part of the St. Louis, MO-IL metro area.
Over the past five years, Centralia home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Centralia Home Price Trend
City Comparison
Centralia vs. National Median
At $114,537, homes in Centralia cost 72% below the national median of $410,000. This makes Centralia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Centralia?
20% Down Payment
$22,907
on $114,537
Monthly P&I
$597/mo
30-yr @ 6.8%
Total Monthly Est.
~$758/mo
incl. taxes & insurance
Income Needed
$30,320
gross annual (30% rule)
10% Down Option
$11,454
+ PMI applies
Loan Amount (20% dn)
$91,630
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 Centralia, IL?
The median home value in Centralia is $114,537 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Centralia?
Over the past year, home values in Centralia have increased by 5.4%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Centralia?
To comfortably afford the median home price of $114,537 with a 20% down payment ($22,907) at today's rates (6.8%), you'd need a gross annual income of approximately $30,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Centralia compare to the national average home price?
The national median home value is approximately $410,000. At $114,537, homes in Centralia are 72% below the national average.
What metro area is Centralia part of?
Centralia is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.