Market Overview
Home Prices in Golconda, IL
The median home value in Golconda, IL is $123,251 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 21.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Golconda are priced70% below average.
Over the past five years, Golconda home values have fallen by approximately31.7%, reflecting softening conditions in this market.
Price History
Golconda Home Price Trend
2020
$166,568
$167K
—
2021
$180,355
$180K
+8.3%
2022
$184,628
$185K
+2.4%
2023
$161,573
$162K
-12.5%
2024
$154,863
$155K
-4.2%
2025
$121,889
$122K
-21.3%
2026
$123,251
$123K
+1.1%
City Comparison
Golconda vs. National Median
🏠 Golconda
$123,251
National Median
$410,000
At $123,251, homes in Golconda cost 70% below the national median of $410,000. This makes Golconda a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Golconda?
20% Down Payment
$24,650
on $123,251
Monthly P&I
$643/mo
30-yr @ 6.8%
Total Monthly Est.
~$817/mo
incl. taxes & insurance
Income Needed
$32,680
gross annual (30% rule)
10% Down Option
$12,325
+ PMI applies
Loan Amount (20% dn)
$98,601
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 Golconda, IL?
The median home value in Golconda is $123,251 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Golconda?
Over the past year, home values in Golconda have increased by 1.1%. Over five years, prices have fallen approximately 31.7%.
How much do I need to earn to buy a home in Golconda?
To comfortably afford the median home price of $123,251 with a 20% down payment ($24,650) at today's rates (6.8%), you'd need a gross annual income of approximately $32,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Golconda compare to the national average home price?
The national median home value is approximately $410,000. At $123,251, homes in Golconda are 70% below the national average.