Market Overview
Home Prices in Oglesby, IL
The median home value in Oglesby, IL is $170,469 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.3% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oglesby are priced58% below average. Oglesby is part of the Ottawa, IL metro area.
Over the past five years, Oglesby home values have risen by approximately36.4%, reflecting strong long-term appreciation in this market.
Price History
Oglesby Home Price Trend
City Comparison
Oglesby vs. National Median
At $170,469, homes in Oglesby cost 58% below the national median of $410,000. This makes Oglesby a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oglesby?
20% Down Payment
$34,094
on $170,469
Monthly P&I
$889/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,129/mo
incl. taxes & insurance
Income Needed
$45,160
gross annual (30% rule)
10% Down Option
$17,047
+ PMI applies
Loan Amount (20% dn)
$136,375
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 Oglesby, IL?
The median home value in Oglesby is $170,469 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.3% year-over-year.
How much have home prices changed in Oglesby?
Over the past year, home values in Oglesby have increased by 5.3%. Over five years, prices have risen approximately 36.4%.
How much do I need to earn to buy a home in Oglesby?
To comfortably afford the median home price of $170,469 with a 20% down payment ($34,094) at today's rates (6.8%), you'd need a gross annual income of approximately $45,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Oglesby compare to the national average home price?
The national median home value is approximately $410,000. At $170,469, homes in Oglesby are 58% below the national average.
What metro area is Oglesby part of?
Oglesby is part of the Ottawa, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.