Market Overview
Home Prices in Momence, IL
The median home value in Momence, IL is $187,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Momence are priced54% below average. Momence is part of the Kankakee, IL metro area.
Over the past five years, Momence home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Momence Home Price Trend
City Comparison
Momence vs. National Median
At $187,742, homes in Momence cost 54% below the national median of $410,000. This makes Momence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Momence?
20% Down Payment
$37,548
on $187,742
Monthly P&I
$979/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,243/mo
incl. taxes & insurance
Income Needed
$49,720
gross annual (30% rule)
10% Down Option
$18,774
+ PMI applies
Loan Amount (20% dn)
$150,194
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 Momence, IL?
The median home value in Momence is $187,742 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Momence?
Over the past year, home values in Momence have increased by 6.5%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Momence?
To comfortably afford the median home price of $187,742 with a 20% down payment ($37,548) at today's rates (6.8%), you'd need a gross annual income of approximately $49,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Momence compare to the national average home price?
The national median home value is approximately $410,000. At $187,742, homes in Momence are 54% below the national average.
What metro area is Momence part of?
Momence is part of the Kankakee, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.