Market Overview
Home Prices in Mount Olive, IL
The median home value in Mount Olive, IL is $98,254 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.1% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mount Olive are priced76% below average. Mount Olive is part of the St. Louis, MO-IL metro area.
Over the past five years, Mount Olive home values have risen by approximately11.1%, reflecting steady appreciation in this market.
Price History
Mount Olive Home Price Trend
City Comparison
Mount Olive vs. National Median
At $98,254, homes in Mount Olive cost 76% below the national median of $410,000. This makes Mount Olive a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mount Olive?
20% Down Payment
$19,651
on $98,254
Monthly P&I
$512/mo
30-yr @ 6.8%
Total Monthly Est.
~$650/mo
incl. taxes & insurance
Income Needed
$26,000
gross annual (30% rule)
10% Down Option
$9,825
+ PMI applies
Loan Amount (20% dn)
$78,603
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 Mount Olive, IL?
The median home value in Mount Olive is $98,254 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.1% year-over-year.
How much have home prices changed in Mount Olive?
Over the past year, home values in Mount Olive have decreased by 7.1%. Over five years, prices have risen approximately 11.1%.
How much do I need to earn to buy a home in Mount Olive?
To comfortably afford the median home price of $98,254 with a 20% down payment ($19,651) at today's rates (6.8%), you'd need a gross annual income of approximately $26,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Mount Olive compare to the national average home price?
The national median home value is approximately $410,000. At $98,254, homes in Mount Olive are 76% below the national average.
What metro area is Mount Olive part of?
Mount Olive is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.