Market Overview
Home Prices in Oblong, IL
The median home value in Oblong, IL is $119,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oblong are priced71% below average.
Over the past five years, Oblong home values have fallen by approximately1.6%, reflecting softening conditions in this market.
Price History
Oblong Home Price Trend
2020
$105,707
$106K
—
2021
$121,417
$121K
+14.9%
2022
$120,063
$120K
-1.1%
2023
$116,973
$117K
-2.6%
2024
$115,986
$116K
-0.8%
2025
$121,100
$121K
+4.4%
2026
$119,473
$119K
-1.3%
City Comparison
Oblong vs. National Median
🏠 Oblong
$119,473
National Median
$410,000
At $119,473, homes in Oblong cost 71% below the national median of $410,000. This makes Oblong a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oblong?
20% Down Payment
$23,895
on $119,473
Monthly P&I
$623/mo
30-yr @ 6.8%
Total Monthly Est.
~$791/mo
incl. taxes & insurance
Income Needed
$31,640
gross annual (30% rule)
10% Down Option
$11,947
+ PMI applies
Loan Amount (20% dn)
$95,578
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 Oblong, IL?
The median home value in Oblong is $119,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Oblong?
Over the past year, home values in Oblong have decreased by 1.3%. Over five years, prices have fallen approximately 1.6%.
How much do I need to earn to buy a home in Oblong?
To comfortably afford the median home price of $119,473 with a 20% down payment ($23,895) at today's rates (6.8%), you'd need a gross annual income of approximately $31,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Oblong compare to the national average home price?
The national median home value is approximately $410,000. At $119,473, homes in Oblong are 71% below the national average.