Market Overview
Home Prices in Herrin, IL
The median home value in Herrin, IL is $115,816 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.9% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Herrin are priced72% below average. Herrin is part of the Carbondale-Marion, IL metro area.
Over the past five years, Herrin home values have risen by approximately13.8%, reflecting steady appreciation in this market.
Price History
Herrin Home Price Trend
City Comparison
Herrin vs. National Median
At $115,816, homes in Herrin cost 72% below the national median of $410,000. This makes Herrin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Herrin?
20% Down Payment
$23,163
on $115,816
Monthly P&I
$604/mo
30-yr @ 6.8%
Total Monthly Est.
~$767/mo
incl. taxes & insurance
Income Needed
$30,680
gross annual (30% rule)
10% Down Option
$11,582
+ PMI applies
Loan Amount (20% dn)
$92,653
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 Herrin, IL?
The median home value in Herrin is $115,816 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.9% year-over-year.
How much have home prices changed in Herrin?
Over the past year, home values in Herrin have decreased by 3.9%. Over five years, prices have risen approximately 13.8%.
How much do I need to earn to buy a home in Herrin?
To comfortably afford the median home price of $115,816 with a 20% down payment ($23,163) at today's rates (6.8%), you'd need a gross annual income of approximately $30,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Herrin compare to the national average home price?
The national median home value is approximately $410,000. At $115,816, homes in Herrin are 72% below the national average.
What metro area is Herrin part of?
Herrin is part of the Carbondale-Marion, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.