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📍 Chebanse, IL · Zillow ZHVI · July 2026

Average Home Price in
Chebanse, IL

Kankakee, IL metro area · Iroquois County County

Median Home Value
$192,691
↑ 0.9% year-over-year
vs. National Median
$410,000
Chebanse is 53% below
Est. Monthly Payment
$1,005/mo
20% down · 6.8% rate
Income Needed
$51K
gross annual (30% rule)
Median Home Value
$192,691
↑ 0.9% year-over-year
Down Payment (20%)$38,538
Monthly P&I$1,005/mo
With Taxes & Ins.~$1,276/mo
Income Needed$51,040/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Chebanse, IL

The median home value in Chebanse, IL is $192,691 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 18% from two years prior.

Compared to the U.S. national median of $410,000, homes in Chebanse are priced53% below average. Chebanse is part of the Kankakee, IL metro area.

City Comparison

Chebanse vs. National Median

🏠 Chebanse
$192,691
National Median
$410,000

At $192,691, homes in Chebanse cost 53% below the national median of $410,000. This makes Chebanse a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Chebanse?

20% Down Payment
$38,538
on $192,691
Monthly P&I
$1,005/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,276/mo
incl. taxes & insurance
Income Needed
$51,040
gross annual (30% rule)
10% Down Option
$19,269
+ PMI applies
Loan Amount (20% dn)
$154,153
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 Chebanse, IL?
The median home value in Chebanse is $192,691 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Chebanse?
Over the past year, home values in Chebanse have increased by 0.9%.
How much do I need to earn to buy a home in Chebanse?
To comfortably afford the median home price of $192,691 with a 20% down payment ($38,538) at today's rates (6.8%), you'd need a gross annual income of approximately $51,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Chebanse compare to the national average home price?
The national median home value is approximately $410,000. At $192,691, homes in Chebanse are 53% below the national average.
What metro area is Chebanse part of?
Chebanse is part of the Kankakee, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.