Market Overview
Home Prices in Leaf River, IL
The median home value in Leaf River, IL is $141,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 15.1% compared to a year ago and up 15.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Leaf River are priced66% below average. Leaf River is part of the Rochelle, IL metro area.
Over the past five years, Leaf River home values have risen by approximately52.8%, reflecting strong long-term appreciation in this market.
Price History
Leaf River Home Price Trend
City Comparison
Leaf River vs. National Median
At $141,012, homes in Leaf River cost 66% below the national median of $410,000. This makes Leaf River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Leaf River?
20% Down Payment
$28,202
on $141,012
Monthly P&I
$735/mo
30-yr @ 6.8%
Total Monthly Est.
~$933/mo
incl. taxes & insurance
Income Needed
$37,320
gross annual (30% rule)
10% Down Option
$14,101
+ PMI applies
Loan Amount (20% dn)
$112,810
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 Leaf River, IL?
The median home value in Leaf River is $141,012 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 15.1% year-over-year.
How much have home prices changed in Leaf River?
Over the past year, home values in Leaf River have increased by 15.1%. Over five years, prices have risen approximately 52.8%.
How much do I need to earn to buy a home in Leaf River?
To comfortably afford the median home price of $141,012 with a 20% down payment ($28,202) at today's rates (6.8%), you'd need a gross annual income of approximately $37,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Leaf River compare to the national average home price?
The national median home value is approximately $410,000. At $141,012, homes in Leaf River are 66% below the national average.
What metro area is Leaf River part of?
Leaf River is part of the Rochelle, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.