Market Overview
Home Prices in Havana, IL
The median home value in Havana, IL is $84,549 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.4% compared to a year ago and down 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Havana are priced79% below average. Havana is part of the Peoria, IL metro area.
Over the past five years, Havana home values have risen by approximately3.1%, reflecting modest growth in this market.
Price History
Havana Home Price Trend
2020
$76,708
$77K
—
2021
$82,027
$82K
+6.9%
2022
$82,769
$83K
+0.9%
2023
$77,580
$78K
-6.3%
2024
$82,727
$83K
+6.6%
2025
$77,286
$77K
-6.6%
2026
$84,549
$85K
+9.4%
City Comparison
Havana vs. National Median
🏠 Havana
$84,549
National Median
$410,000
At $84,549, homes in Havana cost 79% below the national median of $410,000. This makes Havana a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Havana?
20% Down Payment
$16,910
on $84,549
Monthly P&I
$441/mo
30-yr @ 6.8%
Total Monthly Est.
~$560/mo
incl. taxes & insurance
Income Needed
$22,400
gross annual (30% rule)
10% Down Option
$8,455
+ PMI applies
Loan Amount (20% dn)
$67,639
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 Havana, IL?
The median home value in Havana is $84,549 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.4% year-over-year.
How much have home prices changed in Havana?
Over the past year, home values in Havana have increased by 9.4%. Over five years, prices have risen approximately 3.1%.
How much do I need to earn to buy a home in Havana?
To comfortably afford the median home price of $84,549 with a 20% down payment ($16,910) at today's rates (6.8%), you'd need a gross annual income of approximately $22,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Havana compare to the national average home price?
The national median home value is approximately $410,000. At $84,549, homes in Havana are 79% below the national average.
What metro area is Havana part of?
Havana is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.