Market Overview
Home Prices in Marquette Heights, IL
The median home value in Marquette Heights, IL is $150,692 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.9% compared to a year ago and up 8.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Marquette Heights are priced63% below average. Marquette Heights is part of the Peoria, IL metro area.
Over the past five years, Marquette Heights home values have risen by approximately47.2%, reflecting strong long-term appreciation in this market.
Price History
Marquette Heights Home Price Trend
City Comparison
Marquette Heights vs. National Median
At $150,692, homes in Marquette Heights cost 63% below the national median of $410,000. This makes Marquette Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Marquette Heights?
20% Down Payment
$30,138
on $150,692
Monthly P&I
$786/mo
30-yr @ 6.8%
Total Monthly Est.
~$998/mo
incl. taxes & insurance
Income Needed
$39,920
gross annual (30% rule)
10% Down Option
$15,069
+ PMI applies
Loan Amount (20% dn)
$120,554
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 Marquette Heights, IL?
The median home value in Marquette Heights is $150,692 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.9% year-over-year.
How much have home prices changed in Marquette Heights?
Over the past year, home values in Marquette Heights have increased by 11.9%. Over five years, prices have risen approximately 47.2%.
How much do I need to earn to buy a home in Marquette Heights?
To comfortably afford the median home price of $150,692 with a 20% down payment ($30,138) at today's rates (6.8%), you'd need a gross annual income of approximately $39,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Marquette Heights compare to the national average home price?
The national median home value is approximately $410,000. At $150,692, homes in Marquette Heights are 63% below the national average.
What metro area is Marquette Heights part of?
Marquette Heights is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.