Market Overview
Home Prices in Cuba, IL
The median home value in Cuba, IL is $121,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and down 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cuba are priced70% below average. Cuba is part of the Peoria, IL metro area.
Over the past five years, Cuba home values have risen by approximately16.1%, reflecting steady appreciation in this market.
Price History
Cuba Home Price Trend
2020
$91,020
$91K
—
2021
$104,465
$104K
+14.8%
2022
$107,957
$108K
+3.3%
2023
$118,776
$119K
+10.0%
2024
$121,979
$122K
+2.7%
2025
$118,761
$119K
-2.6%
2026
$121,282
$121K
+2.1%
City Comparison
Cuba vs. National Median
🏠 Cuba
$121,282
National Median
$410,000
At $121,282, homes in Cuba cost 70% below the national median of $410,000. This makes Cuba a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cuba?
20% Down Payment
$24,256
on $121,282
Monthly P&I
$633/mo
30-yr @ 6.8%
Total Monthly Est.
~$804/mo
incl. taxes & insurance
Income Needed
$32,160
gross annual (30% rule)
10% Down Option
$12,128
+ PMI applies
Loan Amount (20% dn)
$97,026
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 Cuba, IL?
The median home value in Cuba is $121,282 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Cuba?
Over the past year, home values in Cuba have increased by 2.1%. Over five years, prices have risen approximately 16.1%.
How much do I need to earn to buy a home in Cuba?
To comfortably afford the median home price of $121,282 with a 20% down payment ($24,256) at today's rates (6.8%), you'd need a gross annual income of approximately $32,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Cuba compare to the national average home price?
The national median home value is approximately $410,000. At $121,282, homes in Cuba are 70% below the national average.
What metro area is Cuba part of?
Cuba is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.