Market Overview
Home Prices in Oregon, IL
The median home value in Oregon, IL is $228,983 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oregon are priced44% below average. Oregon is part of the Rochelle, IL metro area.
Over the past five years, Oregon home values have risen by approximately37.8%, reflecting strong long-term appreciation in this market.
Price History
Oregon Home Price Trend
2020
$142,565
$143K
—
2021
$166,115
$166K
+16.5%
2022
$187,299
$187K
+12.8%
2023
$189,099
$189K
+1.0%
2024
$200,139
$200K
+5.8%
2025
$210,137
$210K
+5.0%
2026
$228,983
$229K
+9.0%
City Comparison
Oregon vs. National Median
🏠 Oregon
$228,983
National Median
$410,000
At $228,983, homes in Oregon cost 44% below the national median of $410,000. This makes Oregon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oregon?
20% Down Payment
$45,797
on $228,983
Monthly P&I
$1,194/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,516/mo
incl. taxes & insurance
Income Needed
$60,640
gross annual (30% rule)
10% Down Option
$22,898
+ PMI applies
Loan Amount (20% dn)
$183,186
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 Oregon, IL?
The median home value in Oregon is $228,983 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9% year-over-year.
How much have home prices changed in Oregon?
Over the past year, home values in Oregon have increased by 9%. Over five years, prices have risen approximately 37.8%.
How much do I need to earn to buy a home in Oregon?
To comfortably afford the median home price of $228,983 with a 20% down payment ($45,797) at today's rates (6.8%), you'd need a gross annual income of approximately $60,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Oregon compare to the national average home price?
The national median home value is approximately $410,000. At $228,983, homes in Oregon are 44% below the national average.
What metro area is Oregon part of?
Oregon is part of the Rochelle, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.