Market Overview
Home Prices in Karnak, IL
The median home value in Karnak, IL is $71,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.1% compared to a year ago and down 17% from two years prior.
Compared to the U.S. national median of $410,000, homes in Karnak are priced83% below average. Karnak is part of the Paducah, KY-IL metro area.
Over the past five years, Karnak home values have fallen by approximately26.5%, reflecting softening conditions in this market.
Price History
Karnak Home Price Trend
2021
$97,421
$97K
—
2022
$86,977
$87K
-10.7%
2023
$93,906
$94K
+8.0%
2024
$93,757
$94K
-0.2%
2025
$77,847
$78K
-17.0%
2026
$71,580
$72K
-8.1%
City Comparison
Karnak vs. National Median
🏠 Karnak
$71,580
National Median
$410,000
At $71,580, homes in Karnak cost 83% below the national median of $410,000. This makes Karnak a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Karnak?
20% Down Payment
$14,316
on $71,580
Monthly P&I
$373/mo
30-yr @ 6.8%
Total Monthly Est.
~$474/mo
incl. taxes & insurance
Income Needed
$18,960
gross annual (30% rule)
10% Down Option
$7,158
+ PMI applies
Loan Amount (20% dn)
$57,264
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 Karnak, IL?
The median home value in Karnak is $71,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.1% year-over-year.
How much have home prices changed in Karnak?
Over the past year, home values in Karnak have decreased by 8.1%. Over five years, prices have fallen approximately 26.5%.
How much do I need to earn to buy a home in Karnak?
To comfortably afford the median home price of $71,580 with a 20% down payment ($14,316) at today's rates (6.8%), you'd need a gross annual income of approximately $18,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Karnak compare to the national average home price?
The national median home value is approximately $410,000. At $71,580, homes in Karnak are 83% below the national average.
What metro area is Karnak part of?
Karnak is part of the Paducah, KY-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.