Market Overview
Home Prices in Gays, IL
The median home value in Gays, IL is $192,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gays are priced53% below average.
Over the past five years, Gays home values have risen by approximately12.3%, reflecting steady appreciation in this market.
Price History
Gays Home Price Trend
2020
$153,785
$154K
—
2021
$171,553
$172K
+11.6%
2022
$186,835
$187K
+8.9%
2023
$169,293
$169K
-9.4%
2024
$174,835
$175K
+3.3%
2025
$183,689
$184K
+5.1%
2026
$192,580
$193K
+4.8%
City Comparison
Gays vs. National Median
🏠 Gays
$192,580
National Median
$410,000
At $192,580, homes in Gays cost 53% below the national median of $410,000. This makes Gays a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gays?
20% Down Payment
$38,516
on $192,580
Monthly P&I
$1,004/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,275/mo
incl. taxes & insurance
Income Needed
$51,000
gross annual (30% rule)
10% Down Option
$19,258
+ PMI applies
Loan Amount (20% dn)
$154,064
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 Gays, IL?
The median home value in Gays is $192,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Gays?
Over the past year, home values in Gays have increased by 4.8%. Over five years, prices have risen approximately 12.3%.
How much do I need to earn to buy a home in Gays?
To comfortably afford the median home price of $192,580 with a 20% down payment ($38,516) at today's rates (6.8%), you'd need a gross annual income of approximately $51,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Gays compare to the national average home price?
The national median home value is approximately $410,000. At $192,580, homes in Gays are 53% below the national average.