Market Overview
Home Prices in Groveland, IL
The median home value in Groveland, IL is $314,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Groveland are priced23% below average. Groveland is part of the Peoria, IL metro area.
Over the past five years, Groveland home values have risen by approximately35.9%, reflecting strong long-term appreciation in this market.
Price History
Groveland Home Price Trend
City Comparison
Groveland vs. National Median
At $314,279, homes in Groveland cost 23% below the national median of $410,000. This makes Groveland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Groveland?
20% Down Payment
$62,856
on $314,279
Monthly P&I
$1,639/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,082/mo
incl. taxes & insurance
Income Needed
$83,280
gross annual (30% rule)
10% Down Option
$31,428
+ PMI applies
Loan Amount (20% dn)
$251,423
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 Groveland, IL?
The median home value in Groveland is $314,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Groveland?
Over the past year, home values in Groveland have increased by 5.7%. Over five years, prices have risen approximately 35.9%.
How much do I need to earn to buy a home in Groveland?
To comfortably afford the median home price of $314,279 with a 20% down payment ($62,856) at today's rates (6.8%), you'd need a gross annual income of approximately $83,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Groveland compare to the national average home price?
The national median home value is approximately $410,000. At $314,279, homes in Groveland are 23% below the national average.
What metro area is Groveland part of?
Groveland is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.