Market Overview
Home Prices in Meredosia, IL
The median home value in Meredosia, IL is $68,048 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 7.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Meredosia are priced83% below average. Meredosia is part of the Jacksonville, IL metro area.
Over the past five years, Meredosia home values have risen by approximately2.9%, reflecting modest growth in this market.
Price History
Meredosia Home Price Trend
City Comparison
Meredosia vs. National Median
At $68,048, homes in Meredosia cost 83% below the national median of $410,000. This makes Meredosia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Meredosia?
20% Down Payment
$13,610
on $68,048
Monthly P&I
$355/mo
30-yr @ 6.8%
Total Monthly Est.
~$451/mo
incl. taxes & insurance
Income Needed
$18,040
gross annual (30% rule)
10% Down Option
$6,805
+ PMI applies
Loan Amount (20% dn)
$54,438
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 Meredosia, IL?
The median home value in Meredosia is $68,048 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Meredosia?
Over the past year, home values in Meredosia have increased by 3.1%. Over five years, prices have risen approximately 2.9%.
How much do I need to earn to buy a home in Meredosia?
To comfortably afford the median home price of $68,048 with a 20% down payment ($13,610) at today's rates (6.8%), you'd need a gross annual income of approximately $18,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Meredosia compare to the national average home price?
The national median home value is approximately $410,000. At $68,048, homes in Meredosia are 83% below the national average.
What metro area is Meredosia part of?
Meredosia is part of the Jacksonville, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.