Market Overview
Home Prices in Downs, IL
The median home value in Downs, IL is $330,778 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Downs are priced19% below average. Downs is part of the Bloomington, IL metro area.
Over the past five years, Downs home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Downs Home Price Trend
2020
$234,854
$235K
—
2021
$248,671
$249K
+5.9%
2022
$277,534
$278K
+11.6%
2023
$288,018
$288K
+3.8%
2024
$310,446
$310K
+7.8%
2025
$322,150
$322K
+3.8%
2026
$330,778
$331K
+2.7%
City Comparison
Downs vs. National Median
🏠 Downs
$330,778
National Median
$410,000
At $330,778, homes in Downs cost 19% below the national median of $410,000. This makes Downs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Downs?
20% Down Payment
$66,156
on $330,778
Monthly P&I
$1,725/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,191/mo
incl. taxes & insurance
Income Needed
$87,640
gross annual (30% rule)
10% Down Option
$33,078
+ PMI applies
Loan Amount (20% dn)
$264,622
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 Downs, IL?
The median home value in Downs is $330,778 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Downs?
Over the past year, home values in Downs have increased by 2.7%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Downs?
To comfortably afford the median home price of $330,778 with a 20% down payment ($66,156) at today's rates (6.8%), you'd need a gross annual income of approximately $87,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Downs compare to the national average home price?
The national median home value is approximately $410,000. At $330,778, homes in Downs are 19% below the national average.
What metro area is Downs part of?
Downs is part of the Bloomington, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.