Market Overview
Home Prices in Hoopeston, IL
The median home value in Hoopeston, IL is $81,774 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% 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 Hoopeston are priced80% below average. Hoopeston is part of the Danville, IL metro area.
Over the past five years, Hoopeston home values have risen by approximately13.6%, reflecting steady appreciation in this market.
Price History
Hoopeston Home Price Trend
City Comparison
Hoopeston vs. National Median
At $81,774, homes in Hoopeston cost 80% below the national median of $410,000. This makes Hoopeston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hoopeston?
20% Down Payment
$16,355
on $81,774
Monthly P&I
$426/mo
30-yr @ 6.8%
Total Monthly Est.
~$541/mo
incl. taxes & insurance
Income Needed
$21,640
gross annual (30% rule)
10% Down Option
$8,177
+ PMI applies
Loan Amount (20% dn)
$65,419
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 Hoopeston, IL?
The median home value in Hoopeston is $81,774 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Hoopeston?
Over the past year, home values in Hoopeston have increased by 1%. Over five years, prices have risen approximately 13.6%.
How much do I need to earn to buy a home in Hoopeston?
To comfortably afford the median home price of $81,774 with a 20% down payment ($16,355) at today's rates (6.8%), you'd need a gross annual income of approximately $21,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Hoopeston compare to the national average home price?
The national median home value is approximately $410,000. At $81,774, homes in Hoopeston are 80% below the national average.
What metro area is Hoopeston part of?
Hoopeston is part of the Danville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.