Market Overview
Home Prices in Limestone, IL
The median home value in Limestone, IL is $236,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Limestone are priced42% below average. Limestone is part of the Kankakee, IL metro area.
Over the past five years, Limestone home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Limestone Home Price Trend
City Comparison
Limestone vs. National Median
At $236,815, homes in Limestone cost 42% below the national median of $410,000. This makes Limestone a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Limestone?
20% Down Payment
$47,363
on $236,815
Monthly P&I
$1,235/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,568/mo
incl. taxes & insurance
Income Needed
$62,720
gross annual (30% rule)
10% Down Option
$23,682
+ PMI applies
Loan Amount (20% dn)
$189,452
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 Limestone, IL?
The median home value in Limestone is $236,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Limestone?
Over the past year, home values in Limestone have increased by 7.5%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Limestone?
To comfortably afford the median home price of $236,815 with a 20% down payment ($47,363) at today's rates (6.8%), you'd need a gross annual income of approximately $62,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Limestone compare to the national average home price?
The national median home value is approximately $410,000. At $236,815, homes in Limestone are 42% below the national average.
What metro area is Limestone part of?
Limestone is part of the Kankakee, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.