Market Overview
Home Prices in Mounds, IL
The median home value in Mounds, IL is $53,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 21.3% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mounds are priced87% below average. Mounds is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Mounds home values have fallen by approximately57.2%, reflecting softening conditions in this market.
Price History
Mounds Home Price Trend
City Comparison
Mounds vs. National Median
At $53,312, homes in Mounds cost 87% below the national median of $410,000. This makes Mounds a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mounds?
20% Down Payment
$10,662
on $53,312
Monthly P&I
$278/mo
30-yr @ 6.8%
Total Monthly Est.
~$353/mo
incl. taxes & insurance
Income Needed
$14,120
gross annual (30% rule)
10% Down Option
$5,331
+ PMI applies
Loan Amount (20% dn)
$42,650
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 Mounds, IL?
The median home value in Mounds is $53,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 21.3% year-over-year.
How much have home prices changed in Mounds?
Over the past year, home values in Mounds have decreased by 21.3%. Over five years, prices have fallen approximately 57.2%.
How much do I need to earn to buy a home in Mounds?
To comfortably afford the median home price of $53,312 with a 20% down payment ($10,662) at today's rates (6.8%), you'd need a gross annual income of approximately $14,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Mounds compare to the national average home price?
The national median home value is approximately $410,000. At $53,312, homes in Mounds are 87% below the national average.
What metro area is Mounds part of?
Mounds is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.