Market Overview
Home Prices in Geneseo, IL
The median home value in Geneseo, IL is $249,381 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Geneseo are priced39% below average. Geneseo is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Geneseo home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Geneseo Home Price Trend
City Comparison
Geneseo vs. National Median
At $249,381, homes in Geneseo cost 39% below the national median of $410,000. This makes Geneseo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Geneseo?
20% Down Payment
$49,876
on $249,381
Monthly P&I
$1,301/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,652/mo
incl. taxes & insurance
Income Needed
$66,080
gross annual (30% rule)
10% Down Option
$24,938
+ PMI applies
Loan Amount (20% dn)
$199,505
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 Geneseo, IL?
The median home value in Geneseo is $249,381 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in Geneseo?
Over the past year, home values in Geneseo have increased by 8.7%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Geneseo?
To comfortably afford the median home price of $249,381 with a 20% down payment ($49,876) at today's rates (6.8%), you'd need a gross annual income of approximately $66,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Geneseo compare to the national average home price?
The national median home value is approximately $410,000. At $249,381, homes in Geneseo are 39% below the national average.
What metro area is Geneseo part of?
Geneseo is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.