Market Overview
Home Prices in Dawson, IL
The median home value in Dawson, IL is $237,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.8% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dawson are priced42% below average. Dawson is part of the Springfield, IL metro area.
Over the past five years, Dawson home values have risen by approximately51.7%, reflecting strong long-term appreciation in this market.
Price History
Dawson Home Price Trend
City Comparison
Dawson vs. National Median
At $237,848, homes in Dawson cost 42% below the national median of $410,000. This makes Dawson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dawson?
20% Down Payment
$47,570
on $237,848
Monthly P&I
$1,240/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,575/mo
incl. taxes & insurance
Income Needed
$63,000
gross annual (30% rule)
10% Down Option
$23,785
+ PMI applies
Loan Amount (20% dn)
$190,278
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 Dawson, IL?
The median home value in Dawson is $237,848 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.8% year-over-year.
How much have home prices changed in Dawson?
Over the past year, home values in Dawson have increased by 10.8%. Over five years, prices have risen approximately 51.7%.
How much do I need to earn to buy a home in Dawson?
To comfortably afford the median home price of $237,848 with a 20% down payment ($47,570) at today's rates (6.8%), you'd need a gross annual income of approximately $63,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Dawson compare to the national average home price?
The national median home value is approximately $410,000. At $237,848, homes in Dawson are 42% below the national average.
What metro area is Dawson part of?
Dawson is part of the Springfield, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.