Market Overview
Home Prices in Elkville, IL
The median home value in Elkville, IL is $103,484 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elkville are priced75% below average. Elkville is part of the Carbondale-Marion, IL metro area.
Over the past five years, Elkville home values have risen by approximately5.6%, reflecting steady appreciation in this market.
Price History
Elkville Home Price Trend
City Comparison
Elkville vs. National Median
At $103,484, homes in Elkville cost 75% below the national median of $410,000. This makes Elkville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elkville?
20% Down Payment
$20,697
on $103,484
Monthly P&I
$540/mo
30-yr @ 6.8%
Total Monthly Est.
~$686/mo
incl. taxes & insurance
Income Needed
$27,440
gross annual (30% rule)
10% Down Option
$10,348
+ PMI applies
Loan Amount (20% dn)
$82,787
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 Elkville, IL?
The median home value in Elkville is $103,484 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Elkville?
Over the past year, home values in Elkville have increased by 3.9%. Over five years, prices have risen approximately 5.6%.
How much do I need to earn to buy a home in Elkville?
To comfortably afford the median home price of $103,484 with a 20% down payment ($20,697) at today's rates (6.8%), you'd need a gross annual income of approximately $27,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkville compare to the national average home price?
The national median home value is approximately $410,000. At $103,484, homes in Elkville are 75% below the national average.
What metro area is Elkville part of?
Elkville is part of the Carbondale-Marion, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.