Market Overview
Home Prices in Illinois City, IL
The median home value in Illinois City, IL is $284,331 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Illinois City are priced31% below average. Illinois City is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Illinois City home values have risen by approximately19.4%, reflecting steady appreciation in this market.
Price History
Illinois City Home Price Trend
City Comparison
Illinois City vs. National Median
At $284,331, homes in Illinois City cost 31% below the national median of $410,000. This makes Illinois City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Illinois City?
20% Down Payment
$56,866
on $284,331
Monthly P&I
$1,483/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,883/mo
incl. taxes & insurance
Income Needed
$75,320
gross annual (30% rule)
10% Down Option
$28,433
+ PMI applies
Loan Amount (20% dn)
$227,465
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 Illinois City, IL?
The median home value in Illinois City is $284,331 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Illinois City?
Over the past year, home values in Illinois City have increased by 6.8%. Over five years, prices have risen approximately 19.4%.
How much do I need to earn to buy a home in Illinois City?
To comfortably afford the median home price of $284,331 with a 20% down payment ($56,866) at today's rates (6.8%), you'd need a gross annual income of approximately $75,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Illinois City compare to the national average home price?
The national median home value is approximately $410,000. At $284,331, homes in Illinois City are 31% below the national average.
What metro area is Illinois City part of?
Illinois City is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.