Market Overview
Home Prices in Mulberry Grove, IL
The median home value in Mulberry Grove, IL is $166,194 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and down 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mulberry Grove are priced59% below average. Mulberry Grove is part of the St. Louis, MO-IL metro area.
Over the past five years, Mulberry Grove home values have risen by approximately11.8%, reflecting steady appreciation in this market.
Price History
Mulberry Grove Home Price Trend
City Comparison
Mulberry Grove vs. National Median
At $166,194, homes in Mulberry Grove cost 59% below the national median of $410,000. This makes Mulberry Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mulberry Grove?
20% Down Payment
$33,239
on $166,194
Monthly P&I
$867/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,101/mo
incl. taxes & insurance
Income Needed
$44,040
gross annual (30% rule)
10% Down Option
$16,619
+ PMI applies
Loan Amount (20% dn)
$132,955
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 Mulberry Grove, IL?
The median home value in Mulberry Grove is $166,194 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Mulberry Grove?
Over the past year, home values in Mulberry Grove have increased by 6.8%. Over five years, prices have risen approximately 11.8%.
How much do I need to earn to buy a home in Mulberry Grove?
To comfortably afford the median home price of $166,194 with a 20% down payment ($33,239) at today's rates (6.8%), you'd need a gross annual income of approximately $44,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Mulberry Grove compare to the national average home price?
The national median home value is approximately $410,000. At $166,194, homes in Mulberry Grove are 59% below the national average.
What metro area is Mulberry Grove part of?
Mulberry Grove is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.