Market Overview
Home Prices in Forsyth, IL
The median home value in Forsyth, IL is $314,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Forsyth are priced23% below average. Forsyth is part of the Decatur, IL metro area.
Over the past five years, Forsyth home values have risen by approximately33.3%, reflecting strong long-term appreciation in this market.
Price History
Forsyth Home Price Trend
City Comparison
Forsyth vs. National Median
At $314,064, homes in Forsyth cost 23% below the national median of $410,000. This makes Forsyth a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Forsyth?
20% Down Payment
$62,813
on $314,064
Monthly P&I
$1,638/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,080/mo
incl. taxes & insurance
Income Needed
$83,200
gross annual (30% rule)
10% Down Option
$31,406
+ PMI applies
Loan Amount (20% dn)
$251,251
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 Forsyth, IL?
The median home value in Forsyth is $314,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Forsyth?
Over the past year, home values in Forsyth have increased by 6.5%. Over five years, prices have risen approximately 33.3%.
How much do I need to earn to buy a home in Forsyth?
To comfortably afford the median home price of $314,064 with a 20% down payment ($62,813) at today's rates (6.8%), you'd need a gross annual income of approximately $83,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Forsyth compare to the national average home price?
The national median home value is approximately $410,000. At $314,064, homes in Forsyth are 23% below the national average.
What metro area is Forsyth part of?
Forsyth is part of the Decatur, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.