Market Overview
Home Prices in Neoga, IL
The median home value in Neoga, IL is $179,558 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Neoga are priced56% below average. Neoga is part of the Charleston-Mattoon, IL metro area.
Over the past five years, Neoga home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Neoga Home Price Trend
City Comparison
Neoga vs. National Median
At $179,558, homes in Neoga cost 56% below the national median of $410,000. This makes Neoga a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Neoga?
20% Down Payment
$35,912
on $179,558
Monthly P&I
$936/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,189/mo
incl. taxes & insurance
Income Needed
$47,560
gross annual (30% rule)
10% Down Option
$17,956
+ PMI applies
Loan Amount (20% dn)
$143,646
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 Neoga, IL?
The median home value in Neoga is $179,558 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 Neoga?
Over the past year, home values in Neoga have increased by 6.8%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Neoga?
To comfortably afford the median home price of $179,558 with a 20% down payment ($35,912) at today's rates (6.8%), you'd need a gross annual income of approximately $47,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Neoga compare to the national average home price?
The national median home value is approximately $410,000. At $179,558, homes in Neoga are 56% below the national average.
What metro area is Neoga part of?
Neoga is part of the Charleston-Mattoon, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.