Market Overview
Home Prices in Oquawka, IL
The median home value in Oquawka, IL is $106,301 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and down 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oquawka are priced74% below average. Oquawka is part of the Burlington, IA-IL metro area.
Over the past five years, Oquawka home values have fallen by approximately14.3%, reflecting softening conditions in this market.
Price History
Oquawka Home Price Trend
City Comparison
Oquawka vs. National Median
At $106,301, homes in Oquawka cost 74% below the national median of $410,000. This makes Oquawka a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oquawka?
20% Down Payment
$21,260
on $106,301
Monthly P&I
$554/mo
30-yr @ 6.8%
Total Monthly Est.
~$704/mo
incl. taxes & insurance
Income Needed
$28,160
gross annual (30% rule)
10% Down Option
$10,630
+ PMI applies
Loan Amount (20% dn)
$85,041
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 Oquawka, IL?
The median home value in Oquawka is $106,301 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Oquawka?
Over the past year, home values in Oquawka have decreased by 1.2%. Over five years, prices have fallen approximately 14.3%.
How much do I need to earn to buy a home in Oquawka?
To comfortably afford the median home price of $106,301 with a 20% down payment ($21,260) at today's rates (6.8%), you'd need a gross annual income of approximately $28,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Oquawka compare to the national average home price?
The national median home value is approximately $410,000. At $106,301, homes in Oquawka are 74% below the national average.
What metro area is Oquawka part of?
Oquawka is part of the Burlington, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.