Market Overview
Home Prices in Effingham, IL
The median home value in Effingham, IL is $238,374 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Effingham are priced42% below average. Effingham is part of the Effingham, IL metro area.
Over the past five years, Effingham home values have risen by approximately25.5%, reflecting strong long-term appreciation in this market.
Price History
Effingham Home Price Trend
City Comparison
Effingham vs. National Median
At $238,374, homes in Effingham cost 42% below the national median of $410,000. This makes Effingham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Effingham?
20% Down Payment
$47,675
on $238,374
Monthly P&I
$1,243/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,579/mo
incl. taxes & insurance
Income Needed
$63,160
gross annual (30% rule)
10% Down Option
$23,837
+ PMI applies
Loan Amount (20% dn)
$190,699
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 Effingham, IL?
The median home value in Effingham is $238,374 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Effingham?
Over the past year, home values in Effingham have increased by 2.5%. Over five years, prices have risen approximately 25.5%.
How much do I need to earn to buy a home in Effingham?
To comfortably afford the median home price of $238,374 with a 20% down payment ($47,675) at today's rates (6.8%), you'd need a gross annual income of approximately $63,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Effingham compare to the national average home price?
The national median home value is approximately $410,000. At $238,374, homes in Effingham are 42% below the national average.
What metro area is Effingham part of?
Effingham is part of the Effingham, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.