Market Overview
Home Prices in Grayville, IL
The median home value in Grayville, IL is $89,337 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grayville are priced78% below average.
Over the past five years, Grayville home values have fallen by approximately14.6%, reflecting softening conditions in this market.
Price History
Grayville Home Price Trend
2020
$106,444
$106K
—
2021
$104,614
$105K
-1.7%
2022
$95,930
$96K
-8.3%
2023
$106,988
$107K
+11.5%
2024
$91,999
$92K
-14.0%
2025
$93,663
$94K
+1.8%
2026
$89,337
$89K
-4.6%
City Comparison
Grayville vs. National Median
🏠 Grayville
$89,337
National Median
$410,000
At $89,337, homes in Grayville cost 78% below the national median of $410,000. This makes Grayville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grayville?
20% Down Payment
$17,867
on $89,337
Monthly P&I
$466/mo
30-yr @ 6.8%
Total Monthly Est.
~$592/mo
incl. taxes & insurance
Income Needed
$23,680
gross annual (30% rule)
10% Down Option
$8,934
+ PMI applies
Loan Amount (20% dn)
$71,470
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 Grayville, IL?
The median home value in Grayville is $89,337 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Grayville?
Over the past year, home values in Grayville have decreased by 4.6%. Over five years, prices have fallen approximately 14.6%.
How much do I need to earn to buy a home in Grayville?
To comfortably afford the median home price of $89,337 with a 20% down payment ($17,867) at today's rates (6.8%), you'd need a gross annual income of approximately $23,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Grayville compare to the national average home price?
The national median home value is approximately $410,000. At $89,337, homes in Grayville are 78% below the national average.