Market Overview
Home Prices in Grandview, IL
The median home value in Grandview, IL is $105,572 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.9% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grandview are priced74% below average. Grandview is part of the Springfield, IL metro area.
Over the past five years, Grandview home values have risen by approximately60.0%, reflecting strong long-term appreciation in this market.
Price History
Grandview Home Price Trend
City Comparison
Grandview vs. National Median
At $105,572, homes in Grandview cost 74% below the national median of $410,000. This makes Grandview a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grandview?
20% Down Payment
$21,114
on $105,572
Monthly P&I
$551/mo
30-yr @ 6.8%
Total Monthly Est.
~$700/mo
incl. taxes & insurance
Income Needed
$28,000
gross annual (30% rule)
10% Down Option
$10,557
+ PMI applies
Loan Amount (20% dn)
$84,458
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 Grandview, IL?
The median home value in Grandview is $105,572 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.9% year-over-year.
How much have home prices changed in Grandview?
Over the past year, home values in Grandview have increased by 10.9%. Over five years, prices have risen approximately 60.0%.
How much do I need to earn to buy a home in Grandview?
To comfortably afford the median home price of $105,572 with a 20% down payment ($21,114) at today's rates (6.8%), you'd need a gross annual income of approximately $28,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Grandview compare to the national average home price?
The national median home value is approximately $410,000. At $105,572, homes in Grandview are 74% below the national average.
What metro area is Grandview part of?
Grandview is part of the Springfield, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.