Market Overview
Home Prices in Ohio, IL
The median home value in Ohio, IL is $150,041 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.5% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ohio are priced63% below average. Ohio is part of the Ottawa, IL metro area.
Over the past five years, Ohio home values have risen by approximately27.9%, reflecting strong long-term appreciation in this market.
Price History
Ohio Home Price Trend
2020
$98,048
$98K
—
2021
$117,356
$117K
+19.7%
2022
$120,769
$121K
+2.9%
2023
$126,038
$126K
+4.4%
2024
$136,579
$137K
+8.4%
2025
$138,232
$138K
+1.2%
2026
$150,041
$150K
+8.5%
City Comparison
Ohio vs. National Median
🏠 Ohio
$150,041
National Median
$410,000
At $150,041, homes in Ohio cost 63% below the national median of $410,000. This makes Ohio a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ohio?
20% Down Payment
$30,008
on $150,041
Monthly P&I
$783/mo
30-yr @ 6.8%
Total Monthly Est.
~$994/mo
incl. taxes & insurance
Income Needed
$39,760
gross annual (30% rule)
10% Down Option
$15,004
+ PMI applies
Loan Amount (20% dn)
$120,033
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 Ohio, IL?
The median home value in Ohio is $150,041 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.5% year-over-year.
How much have home prices changed in Ohio?
Over the past year, home values in Ohio have increased by 8.5%. Over five years, prices have risen approximately 27.9%.
How much do I need to earn to buy a home in Ohio?
To comfortably afford the median home price of $150,041 with a 20% down payment ($30,008) at today's rates (6.8%), you'd need a gross annual income of approximately $39,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Ohio compare to the national average home price?
The national median home value is approximately $410,000. At $150,041, homes in Ohio are 63% below the national average.
What metro area is Ohio part of?
Ohio is part of the Ottawa, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.