Market Overview
Home Prices in Minonk, IL
The median home value in Minonk, IL is $165,962 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Minonk are priced60% below average. Minonk is part of the Peoria, IL metro area.
Over the past five years, Minonk home values have risen by approximately16.1%, reflecting steady appreciation in this market.
Price History
Minonk Home Price Trend
2020
$128,760
$129K
—
2021
$142,981
$143K
+11.0%
2022
$143,974
$144K
+0.7%
2023
$144,985
$145K
+0.7%
2024
$145,229
$145K
+0.2%
2025
$154,211
$154K
+6.2%
2026
$165,962
$166K
+7.6%
City Comparison
Minonk vs. National Median
🏠 Minonk
$165,962
National Median
$410,000
At $165,962, homes in Minonk cost 60% below the national median of $410,000. This makes Minonk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Minonk?
20% Down Payment
$33,192
on $165,962
Monthly P&I
$866/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,100/mo
incl. taxes & insurance
Income Needed
$44,000
gross annual (30% rule)
10% Down Option
$16,596
+ PMI applies
Loan Amount (20% dn)
$132,770
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 Minonk, IL?
The median home value in Minonk is $165,962 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Minonk?
Over the past year, home values in Minonk have increased by 7.6%. Over five years, prices have risen approximately 16.1%.
How much do I need to earn to buy a home in Minonk?
To comfortably afford the median home price of $165,962 with a 20% down payment ($33,192) at today's rates (6.8%), you'd need a gross annual income of approximately $44,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Minonk compare to the national average home price?
The national median home value is approximately $410,000. At $165,962, homes in Minonk are 60% below the national average.
What metro area is Minonk part of?
Minonk is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.