Market Overview
Home Prices in Delavan, IL
The median home value in Delavan, IL is $131,417 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 10.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Delavan are priced68% below average. Delavan is part of the Peoria, IL metro area.
Over the past five years, Delavan home values have risen by approximately38.3%, reflecting strong long-term appreciation in this market.
Price History
Delavan Home Price Trend
City Comparison
Delavan vs. National Median
At $131,417, homes in Delavan cost 68% below the national median of $410,000. This makes Delavan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Delavan?
20% Down Payment
$26,283
on $131,417
Monthly P&I
$685/mo
30-yr @ 6.8%
Total Monthly Est.
~$870/mo
incl. taxes & insurance
Income Needed
$34,800
gross annual (30% rule)
10% Down Option
$13,142
+ PMI applies
Loan Amount (20% dn)
$105,134
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 Delavan, IL?
The median home value in Delavan is $131,417 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Delavan?
Over the past year, home values in Delavan have increased by 8.1%. Over five years, prices have risen approximately 38.3%.
How much do I need to earn to buy a home in Delavan?
To comfortably afford the median home price of $131,417 with a 20% down payment ($26,283) at today's rates (6.8%), you'd need a gross annual income of approximately $34,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Delavan compare to the national average home price?
The national median home value is approximately $410,000. At $131,417, homes in Delavan are 68% below the national average.
What metro area is Delavan part of?
Delavan is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.