Market Overview
Home Prices in Herod, IL
The median home value in Herod, IL is $162,336 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and down 7.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Herod are priced60% below average.
Over the past five years, Herod home values have risen by approximately9.0%, reflecting steady appreciation in this market.
Price History
Herod Home Price Trend
2020
$129,451
$129K
—
2021
$148,960
$149K
+15.1%
2022
$167,391
$167K
+12.4%
2023
$159,804
$160K
-4.5%
2024
$171,239
$171K
+7.2%
2025
$158,845
$159K
-7.2%
2026
$162,336
$162K
+2.2%
City Comparison
Herod vs. National Median
🏠 Herod
$162,336
National Median
$410,000
At $162,336, homes in Herod cost 60% below the national median of $410,000. This makes Herod a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Herod?
20% Down Payment
$32,467
on $162,336
Monthly P&I
$847/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,076/mo
incl. taxes & insurance
Income Needed
$43,040
gross annual (30% rule)
10% Down Option
$16,234
+ PMI applies
Loan Amount (20% dn)
$129,869
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 Herod, IL?
The median home value in Herod is $162,336 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Herod?
Over the past year, home values in Herod have increased by 2.2%. Over five years, prices have risen approximately 9.0%.
How much do I need to earn to buy a home in Herod?
To comfortably afford the median home price of $162,336 with a 20% down payment ($32,467) at today's rates (6.8%), you'd need a gross annual income of approximately $43,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Herod compare to the national average home price?
The national median home value is approximately $410,000. At $162,336, homes in Herod are 60% below the national average.