Market Overview
Home Prices in Kewanee, IL
The median home value in Kewanee, IL is $84,352 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kewanee are priced79% below average. Kewanee is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Kewanee home values have risen by approximately17.6%, reflecting steady appreciation in this market.
Price History
Kewanee Home Price Trend
City Comparison
Kewanee vs. National Median
At $84,352, homes in Kewanee cost 79% below the national median of $410,000. This makes Kewanee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kewanee?
20% Down Payment
$16,870
on $84,352
Monthly P&I
$440/mo
30-yr @ 6.8%
Total Monthly Est.
~$559/mo
incl. taxes & insurance
Income Needed
$22,360
gross annual (30% rule)
10% Down Option
$8,435
+ PMI applies
Loan Amount (20% dn)
$67,482
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 Kewanee, IL?
The median home value in Kewanee is $84,352 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Kewanee?
Over the past year, home values in Kewanee have increased by 7%. Over five years, prices have risen approximately 17.6%.
How much do I need to earn to buy a home in Kewanee?
To comfortably afford the median home price of $84,352 with a 20% down payment ($16,870) at today's rates (6.8%), you'd need a gross annual income of approximately $22,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Kewanee compare to the national average home price?
The national median home value is approximately $410,000. At $84,352, homes in Kewanee are 79% below the national average.
What metro area is Kewanee part of?
Kewanee is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.