Market Overview
Home Prices in Davis, IL
The median home value in Davis, IL is $273,614 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.8% compared to a year ago and up 7.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Davis are priced33% below average. Davis is part of the Freeport, IL metro area.
Over the past five years, Davis home values have risen by approximately49.0%, reflecting strong long-term appreciation in this market.
Price History
Davis Home Price Trend
2020
$160,179
$160K
—
2021
$183,613
$184K
+14.6%
2022
$217,781
$218K
+18.6%
2023
$221,839
$222K
+1.9%
2024
$236,174
$236K
+6.5%
2025
$253,773
$254K
+7.5%
2026
$273,614
$274K
+7.8%
City Comparison
Davis vs. National Median
🏠 Davis
$273,614
National Median
$410,000
At $273,614, homes in Davis cost 33% below the national median of $410,000. This makes Davis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Davis?
20% Down Payment
$54,723
on $273,614
Monthly P&I
$1,427/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,812/mo
incl. taxes & insurance
Income Needed
$72,480
gross annual (30% rule)
10% Down Option
$27,361
+ PMI applies
Loan Amount (20% dn)
$218,891
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 Davis, IL?
The median home value in Davis is $273,614 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.8% year-over-year.
How much have home prices changed in Davis?
Over the past year, home values in Davis have increased by 7.8%. Over five years, prices have risen approximately 49.0%.
How much do I need to earn to buy a home in Davis?
To comfortably afford the median home price of $273,614 with a 20% down payment ($54,723) at today's rates (6.8%), you'd need a gross annual income of approximately $72,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Davis compare to the national average home price?
The national median home value is approximately $410,000. At $273,614, homes in Davis are 33% below the national average.
What metro area is Davis part of?
Davis is part of the Freeport, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.