Market Overview
Home Prices in Oconee, IL
The median home value in Oconee, IL is $208,791 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.1% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oconee are priced49% below average.
Price History
Oconee Home Price Trend
2024
$183,714
$184K
—
2025
$186,248
$186K
+1.4%
2026
$208,791
$209K
+12.1%
City Comparison
Oconee vs. National Median
🏠 Oconee
$208,791
National Median
$410,000
At $208,791, homes in Oconee cost 49% below the national median of $410,000. This makes Oconee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oconee?
20% Down Payment
$41,758
on $208,791
Monthly P&I
$1,089/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,383/mo
incl. taxes & insurance
Income Needed
$55,320
gross annual (30% rule)
10% Down Option
$20,879
+ PMI applies
Loan Amount (20% dn)
$167,033
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 Oconee, IL?
The median home value in Oconee is $208,791 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.1% year-over-year.
How much have home prices changed in Oconee?
Over the past year, home values in Oconee have increased by 12.1%.
How much do I need to earn to buy a home in Oconee?
To comfortably afford the median home price of $208,791 with a 20% down payment ($41,758) at today's rates (6.8%), you'd need a gross annual income of approximately $55,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Oconee compare to the national average home price?
The national median home value is approximately $410,000. At $208,791, homes in Oconee are 49% below the national average.