Market Overview
Home Prices in Grantsburg, IL
The median home value in Grantsburg, IL is $165,145 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grantsburg are priced60% below average. Grantsburg is part of the Carbondale-Marion, IL metro area.
Over the past five years, Grantsburg home values have risen by approximately9.1%, reflecting steady appreciation in this market.
Price History
Grantsburg Home Price Trend
City Comparison
Grantsburg vs. National Median
At $165,145, homes in Grantsburg cost 60% below the national median of $410,000. This makes Grantsburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grantsburg?
20% Down Payment
$33,029
on $165,145
Monthly P&I
$861/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,093/mo
incl. taxes & insurance
Income Needed
$43,720
gross annual (30% rule)
10% Down Option
$16,515
+ PMI applies
Loan Amount (20% dn)
$132,116
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 Grantsburg, IL?
The median home value in Grantsburg is $165,145 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Grantsburg?
Over the past year, home values in Grantsburg have increased by 5%. Over five years, prices have risen approximately 9.1%.
How much do I need to earn to buy a home in Grantsburg?
To comfortably afford the median home price of $165,145 with a 20% down payment ($33,029) at today's rates (6.8%), you'd need a gross annual income of approximately $43,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Grantsburg compare to the national average home price?
The national median home value is approximately $410,000. At $165,145, homes in Grantsburg are 60% below the national average.
What metro area is Grantsburg part of?
Grantsburg is part of the Carbondale-Marion, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.