Market Overview
Home Prices in Glen Carbon, IL
The median home value in Glen Carbon, IL is $342,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Glen Carbon are priced16% below average. Glen Carbon is part of the St. Louis, MO-IL metro area.
Over the past five years, Glen Carbon home values have risen by approximately26.3%, reflecting strong long-term appreciation in this market.
Price History
Glen Carbon Home Price Trend
City Comparison
Glen Carbon vs. National Median
At $342,434, homes in Glen Carbon cost 16% below the national median of $410,000. This makes Glen Carbon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Glen Carbon?
20% Down Payment
$68,487
on $342,434
Monthly P&I
$1,786/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,268/mo
incl. taxes & insurance
Income Needed
$90,720
gross annual (30% rule)
10% Down Option
$34,243
+ PMI applies
Loan Amount (20% dn)
$273,947
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 Glen Carbon, IL?
The median home value in Glen Carbon is $342,434 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Glen Carbon?
Over the past year, home values in Glen Carbon have increased by 4.5%. Over five years, prices have risen approximately 26.3%.
How much do I need to earn to buy a home in Glen Carbon?
To comfortably afford the median home price of $342,434 with a 20% down payment ($68,487) at today's rates (6.8%), you'd need a gross annual income of approximately $90,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Glen Carbon compare to the national average home price?
The national median home value is approximately $410,000. At $342,434, homes in Glen Carbon are 16% below the national average.
What metro area is Glen Carbon part of?
Glen Carbon is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.