Market Overview
Home Prices in Charleston, IL
The median home value in Charleston, IL is $164,471 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charleston are priced60% below average. Charleston is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Charleston home values have risen by approximately34.7%, reflecting strong long-term appreciation in this market.
Price History
Charleston Home Price Trend
City Comparison
Charleston vs. National Median
At $164,471, homes in Charleston cost 60% below the national median of $410,000. This makes Charleston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Charleston?
20% Down Payment
$32,894
on $164,471
Monthly P&I
$858/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,090/mo
incl. taxes & insurance
Income Needed
$43,600
gross annual (30% rule)
10% Down Option
$16,447
+ PMI applies
Loan Amount (20% dn)
$131,577
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 Charleston, IL?
The median home value in Charleston is $164,471 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Charleston?
Over the past year, home values in Charleston have increased by 6.9%. Over five years, prices have risen approximately 34.7%.
How much do I need to earn to buy a home in Charleston?
To comfortably afford the median home price of $164,471 with a 20% down payment ($32,894) at today's rates (6.8%), you'd need a gross annual income of approximately $43,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Charleston compare to the national average home price?
The national median home value is approximately $410,000. At $164,471, homes in Charleston are 60% below the national average.
What metro area is Charleston part of?
Charleston is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.