Market Overview
Home Prices in Joy, IL
The median home value in Joy, IL is $179,975 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.5% compared to a year ago and down 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Joy are priced56% below average. Joy is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Joy home values have risen by approximately5.1%, reflecting steady appreciation in this market.
Price History
Joy Home Price Trend
2021
$171,238
$171K
—
2022
$181,883
$182K
+6.2%
2023
$178,131
$178K
-2.1%
2024
$164,148
$164K
-7.8%
2025
$158,505
$159K
-3.4%
2026
$179,975
$180K
+13.5%
City Comparison
Joy vs. National Median
🏠 Joy
$179,975
National Median
$410,000
At $179,975, homes in Joy cost 56% below the national median of $410,000. This makes Joy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Joy?
20% Down Payment
$35,995
on $179,975
Monthly P&I
$939/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,193/mo
incl. taxes & insurance
Income Needed
$47,720
gross annual (30% rule)
10% Down Option
$17,998
+ PMI applies
Loan Amount (20% dn)
$143,980
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 Joy, IL?
The median home value in Joy is $179,975 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.5% year-over-year.
How much have home prices changed in Joy?
Over the past year, home values in Joy have increased by 13.5%. Over five years, prices have risen approximately 5.1%.
How much do I need to earn to buy a home in Joy?
To comfortably afford the median home price of $179,975 with a 20% down payment ($35,995) at today's rates (6.8%), you'd need a gross annual income of approximately $47,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Joy compare to the national average home price?
The national median home value is approximately $410,000. At $179,975, homes in Joy are 56% below the national average.
What metro area is Joy part of?
Joy is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.