Market Overview
Home Prices in Hamel, IL
The median home value in Hamel, IL is $286,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hamel are priced30% below average. Hamel is part of the St. Louis, MO-IL metro area.
Over the past five years, Hamel home values have risen by approximately37.2%, reflecting strong long-term appreciation in this market.
Price History
Hamel Home Price Trend
City Comparison
Hamel vs. National Median
At $286,895, homes in Hamel cost 30% below the national median of $410,000. This makes Hamel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hamel?
20% Down Payment
$57,379
on $286,895
Monthly P&I
$1,496/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,900/mo
incl. taxes & insurance
Income Needed
$76,000
gross annual (30% rule)
10% Down Option
$28,690
+ PMI applies
Loan Amount (20% dn)
$229,516
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 Hamel, IL?
The median home value in Hamel is $286,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Hamel?
Over the past year, home values in Hamel have increased by 3.8%. Over five years, prices have risen approximately 37.2%.
How much do I need to earn to buy a home in Hamel?
To comfortably afford the median home price of $286,895 with a 20% down payment ($57,379) at today's rates (6.8%), you'd need a gross annual income of approximately $76,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Hamel compare to the national average home price?
The national median home value is approximately $410,000. At $286,895, homes in Hamel are 30% below the national average.
What metro area is Hamel part of?
Hamel is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.