Market Overview
Home Prices in Mendon, IL
The median home value in Mendon, IL is $206,802 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.6% compared to a year ago and down 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mendon are priced50% below average. Mendon is part of the Quincy, IL-MO metro area.
Over the past five years, Mendon home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Mendon Home Price Trend
City Comparison
Mendon vs. National Median
At $206,802, homes in Mendon cost 50% below the national median of $410,000. This makes Mendon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mendon?
20% Down Payment
$41,360
on $206,802
Monthly P&I
$1,079/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,370/mo
incl. taxes & insurance
Income Needed
$54,800
gross annual (30% rule)
10% Down Option
$20,680
+ PMI applies
Loan Amount (20% dn)
$165,442
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 Mendon, IL?
The median home value in Mendon is $206,802 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.6% year-over-year.
How much have home prices changed in Mendon?
Over the past year, home values in Mendon have increased by 11.6%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Mendon?
To comfortably afford the median home price of $206,802 with a 20% down payment ($41,360) at today's rates (6.8%), you'd need a gross annual income of approximately $54,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Mendon compare to the national average home price?
The national median home value is approximately $410,000. At $206,802, homes in Mendon are 50% below the national average.
What metro area is Mendon part of?
Mendon is part of the Quincy, IL-MO metropolitan area. Home prices and market conditions can vary across the broader metro region.