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📍 Good Hope, IL · Zillow ZHVI · July 2026

Average Home Price in
Good Hope, IL

Macomb, IL metro area · McDonough County County

Median Home Value
$118,624
↑ 9.5% year-over-year
vs. National Median
$410,000
Good Hope is 71% below
Est. Monthly Payment
$619/mo
20% down · 6.8% rate
Income Needed
$31K
gross annual (30% rule)
Median Home Value
$118,624
↑ 9.5% year-over-year
Down Payment (20%)$23,725
Monthly P&I$619/mo
With Taxes & Ins.~$786/mo
Income Needed$31,440/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Good Hope, IL

The median home value in Good Hope, IL is $118,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.5% compared to a year ago and down 0.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Good Hope are priced71% below average. Good Hope is part of the Macomb, IL metro area.

City Comparison

Good Hope vs. National Median

🏠 Good Hope
$118,624
National Median
$410,000

At $118,624, homes in Good Hope cost 71% below the national median of $410,000. This makes Good Hope a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Good Hope?

20% Down Payment
$23,725
on $118,624
Monthly P&I
$619/mo
30-yr @ 6.8%
Total Monthly Est.
~$786/mo
incl. taxes & insurance
Income Needed
$31,440
gross annual (30% rule)
10% Down Option
$11,862
+ PMI applies
Loan Amount (20% dn)
$94,899
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 Good Hope, IL?
The median home value in Good Hope is $118,624 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.5% year-over-year.
How much have home prices changed in Good Hope?
Over the past year, home values in Good Hope have increased by 9.5%.
How much do I need to earn to buy a home in Good Hope?
To comfortably afford the median home price of $118,624 with a 20% down payment ($23,725) at today's rates (6.8%), you'd need a gross annual income of approximately $31,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Good Hope compare to the national average home price?
The national median home value is approximately $410,000. At $118,624, homes in Good Hope are 71% below the national average.
What metro area is Good Hope part of?
Good Hope is part of the Macomb, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.