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📍 Hopewell, IL · Zillow ZHVI · July 2026

Average Home Price in
Hopewell, IL

Peoria, IL metro area · Marshall County County

Median Home Value
$205,960
↓ 4.6% year-over-year
vs. National Median
$410,000
Hopewell is 50% below
Est. Monthly Payment
$1,074/mo
20% down · 6.8% rate
Income Needed
$55K
gross annual (30% rule)
Median Home Value
$205,960
↓ 4.6% year-over-year
Down Payment (20%)$41,192
Monthly P&I$1,074/mo
With Taxes & Ins.~$1,364/mo
Income Needed$54,560/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Hopewell, IL

The median home value in Hopewell, IL is $205,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and down 2.2% from two years prior.

Compared to the U.S. national median of $410,000, homes in Hopewell are priced50% below average. Hopewell is part of the Peoria, IL metro area.

City Comparison

Hopewell vs. National Median

🏠 Hopewell
$205,960
National Median
$410,000

At $205,960, homes in Hopewell cost 50% below the national median of $410,000. This makes Hopewell a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Hopewell?

20% Down Payment
$41,192
on $205,960
Monthly P&I
$1,074/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,364/mo
incl. taxes & insurance
Income Needed
$54,560
gross annual (30% rule)
10% Down Option
$20,596
+ PMI applies
Loan Amount (20% dn)
$164,768
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 Hopewell, IL?
The median home value in Hopewell is $205,960 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Hopewell?
Over the past year, home values in Hopewell have decreased by 4.6%.
How much do I need to earn to buy a home in Hopewell?
To comfortably afford the median home price of $205,960 with a 20% down payment ($41,192) at today's rates (6.8%), you'd need a gross annual income of approximately $54,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Hopewell compare to the national average home price?
The national median home value is approximately $410,000. At $205,960, homes in Hopewell are 50% below the national average.
What metro area is Hopewell part of?
Hopewell is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.