Market Overview
Home Prices in Jonesboro, IL
The median home value in Jonesboro, IL is $130,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.9% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jonesboro are priced68% below average. Jonesboro is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Jonesboro home values have fallen by approximately4.7%, reflecting softening conditions in this market.
Price History
Jonesboro Home Price Trend
City Comparison
Jonesboro vs. National Median
At $130,699, homes in Jonesboro cost 68% below the national median of $410,000. This makes Jonesboro a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Jonesboro?
20% Down Payment
$26,140
on $130,699
Monthly P&I
$682/mo
30-yr @ 6.8%
Total Monthly Est.
~$866/mo
incl. taxes & insurance
Income Needed
$34,640
gross annual (30% rule)
10% Down Option
$13,070
+ PMI applies
Loan Amount (20% dn)
$104,559
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 Jonesboro, IL?
The median home value in Jonesboro is $130,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.9% year-over-year.
How much have home prices changed in Jonesboro?
Over the past year, home values in Jonesboro have decreased by 2.9%. Over five years, prices have fallen approximately 4.7%.
How much do I need to earn to buy a home in Jonesboro?
To comfortably afford the median home price of $130,699 with a 20% down payment ($26,140) at today's rates (6.8%), you'd need a gross annual income of approximately $34,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Jonesboro compare to the national average home price?
The national median home value is approximately $410,000. At $130,699, homes in Jonesboro are 68% below the national average.
What metro area is Jonesboro part of?
Jonesboro is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.