Market Overview
Home Prices in Milledgeville, IL
The median home value in Milledgeville, IL is $159,633 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.3% compared to a year ago and up 15.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milledgeville are priced61% below average.
Over the past five years, Milledgeville home values have risen by approximately52.0%, reflecting strong long-term appreciation in this market.
Price History
Milledgeville Home Price Trend
2020
$92,437
$92K
—
2021
$105,041
$105K
+13.6%
2022
$116,265
$116K
+10.7%
2023
$116,375
$116K
+0.1%
2024
$124,497
$124K
+7.0%
2025
$143,436
$143K
+15.2%
2026
$159,633
$160K
+11.3%
City Comparison
Milledgeville vs. National Median
🏠 Milledgeville
$159,633
National Median
$410,000
At $159,633, homes in Milledgeville cost 61% below the national median of $410,000. This makes Milledgeville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milledgeville?
20% Down Payment
$31,927
on $159,633
Monthly P&I
$833/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,058/mo
incl. taxes & insurance
Income Needed
$42,320
gross annual (30% rule)
10% Down Option
$15,963
+ PMI applies
Loan Amount (20% dn)
$127,706
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 Milledgeville, IL?
The median home value in Milledgeville is $159,633 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.3% year-over-year.
How much have home prices changed in Milledgeville?
Over the past year, home values in Milledgeville have increased by 11.3%. Over five years, prices have risen approximately 52.0%.
How much do I need to earn to buy a home in Milledgeville?
To comfortably afford the median home price of $159,633 with a 20% down payment ($31,927) at today's rates (6.8%), you'd need a gross annual income of approximately $42,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Milledgeville compare to the national average home price?
The national median home value is approximately $410,000. At $159,633, homes in Milledgeville are 61% below the national average.