Market Overview
Home Prices in Paris, IL
The median home value in Paris, IL is $108,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.1% compared to a year ago and down 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paris are priced73% below average.
Over the past five years, Paris home values have fallen by approximately10.1%, reflecting softening conditions in this market.
Price History
Paris Home Price Trend
2020
$105,387
$105K
—
2021
$121,207
$121K
+15.0%
2022
$114,730
$115K
-5.3%
2023
$116,578
$117K
+1.6%
2024
$118,180
$118K
+1.4%
2025
$112,509
$113K
-4.8%
2026
$108,994
$109K
-3.1%
City Comparison
Paris vs. National Median
🏠 Paris
$108,994
National Median
$410,000
At $108,994, homes in Paris cost 73% below the national median of $410,000. This makes Paris a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Paris?
20% Down Payment
$21,799
on $108,994
Monthly P&I
$568/mo
30-yr @ 6.8%
Total Monthly Est.
~$721/mo
incl. taxes & insurance
Income Needed
$28,840
gross annual (30% rule)
10% Down Option
$10,899
+ PMI applies
Loan Amount (20% dn)
$87,195
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 Paris, IL?
The median home value in Paris is $108,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.1% year-over-year.
How much have home prices changed in Paris?
Over the past year, home values in Paris have decreased by 3.1%. Over five years, prices have fallen approximately 10.1%.
How much do I need to earn to buy a home in Paris?
To comfortably afford the median home price of $108,994 with a 20% down payment ($21,799) at today's rates (6.8%), you'd need a gross annual income of approximately $28,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Paris compare to the national average home price?
The national median home value is approximately $410,000. At $108,994, homes in Paris are 73% below the national average.