Market Overview
Home Prices in Godfrey, IL
The median home value in Godfrey, IL is $223,737 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Godfrey are priced45% below average. Godfrey is part of the St. Louis, MO-IL metro area.
Over the past five years, Godfrey home values have risen by approximately31.9%, reflecting strong long-term appreciation in this market.
Price History
Godfrey Home Price Trend
City Comparison
Godfrey vs. National Median
At $223,737, homes in Godfrey cost 45% below the national median of $410,000. This makes Godfrey a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Godfrey?
20% Down Payment
$44,747
on $223,737
Monthly P&I
$1,167/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,482/mo
incl. taxes & insurance
Income Needed
$59,280
gross annual (30% rule)
10% Down Option
$22,374
+ PMI applies
Loan Amount (20% dn)
$178,990
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 Godfrey, IL?
The median home value in Godfrey is $223,737 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6% year-over-year.
How much have home prices changed in Godfrey?
Over the past year, home values in Godfrey have increased by 6%. Over five years, prices have risen approximately 31.9%.
How much do I need to earn to buy a home in Godfrey?
To comfortably afford the median home price of $223,737 with a 20% down payment ($44,747) at today's rates (6.8%), you'd need a gross annual income of approximately $59,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Godfrey compare to the national average home price?
The national median home value is approximately $410,000. At $223,737, homes in Godfrey are 45% below the national average.
What metro area is Godfrey part of?
Godfrey is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.