Market Overview
Home Prices in Fairbury, IL
The median home value in Fairbury, IL is $199,089 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.3% compared to a year ago and up 7.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairbury are priced51% below average. Fairbury is part of the Pontiac, IL metro area.
Over the past five years, Fairbury home values have risen by approximately50.1%, reflecting strong long-term appreciation in this market.
Price History
Fairbury Home Price Trend
City Comparison
Fairbury vs. National Median
At $199,089, homes in Fairbury cost 51% below the national median of $410,000. This makes Fairbury a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairbury?
20% Down Payment
$39,818
on $199,089
Monthly P&I
$1,038/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,318/mo
incl. taxes & insurance
Income Needed
$52,720
gross annual (30% rule)
10% Down Option
$19,909
+ PMI applies
Loan Amount (20% dn)
$159,271
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 Fairbury, IL?
The median home value in Fairbury is $199,089 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.3% year-over-year.
How much have home prices changed in Fairbury?
Over the past year, home values in Fairbury have increased by 10.3%. Over five years, prices have risen approximately 50.1%.
How much do I need to earn to buy a home in Fairbury?
To comfortably afford the median home price of $199,089 with a 20% down payment ($39,818) at today's rates (6.8%), you'd need a gross annual income of approximately $52,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairbury compare to the national average home price?
The national median home value is approximately $410,000. At $199,089, homes in Fairbury are 51% below the national average.
What metro area is Fairbury part of?
Fairbury is part of the Pontiac, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.