Market Overview
Home Prices in Harvel, IL
The median home value in Harvel, IL is $151,211 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.8% compared to a year ago and up 8.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Harvel are priced63% below average. Harvel is part of the Taylorville, IL metro area.
Over the past five years, Harvel home values have risen by approximately30.3%, reflecting strong long-term appreciation in this market.
Price History
Harvel Home Price Trend
City Comparison
Harvel vs. National Median
At $151,211, homes in Harvel cost 63% below the national median of $410,000. This makes Harvel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Harvel?
20% Down Payment
$30,242
on $151,211
Monthly P&I
$789/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,002/mo
incl. taxes & insurance
Income Needed
$40,080
gross annual (30% rule)
10% Down Option
$15,121
+ PMI applies
Loan Amount (20% dn)
$120,969
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 Harvel, IL?
The median home value in Harvel is $151,211 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.8% year-over-year.
How much have home prices changed in Harvel?
Over the past year, home values in Harvel have increased by 9.8%. Over five years, prices have risen approximately 30.3%.
How much do I need to earn to buy a home in Harvel?
To comfortably afford the median home price of $151,211 with a 20% down payment ($30,242) at today's rates (6.8%), you'd need a gross annual income of approximately $40,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Harvel compare to the national average home price?
The national median home value is approximately $410,000. At $151,211, homes in Harvel are 63% below the national average.
What metro area is Harvel part of?
Harvel is part of the Taylorville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.