Market Overview
Home Prices in Pawnee, IL
The median home value in Pawnee, IL is $189,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.1% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pawnee are priced54% below average. Pawnee is part of the Springfield, IL metro area.
Over the past five years, Pawnee home values have risen by approximately38.0%, reflecting strong long-term appreciation in this market.
Price History
Pawnee Home Price Trend
City Comparison
Pawnee vs. National Median
At $189,856, homes in Pawnee cost 54% below the national median of $410,000. This makes Pawnee a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pawnee?
20% Down Payment
$37,971
on $189,856
Monthly P&I
$990/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,257/mo
incl. taxes & insurance
Income Needed
$50,280
gross annual (30% rule)
10% Down Option
$18,986
+ PMI applies
Loan Amount (20% dn)
$151,885
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 Pawnee, IL?
The median home value in Pawnee is $189,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.1% year-over-year.
How much have home prices changed in Pawnee?
Over the past year, home values in Pawnee have increased by 12.1%. Over five years, prices have risen approximately 38.0%.
How much do I need to earn to buy a home in Pawnee?
To comfortably afford the median home price of $189,856 with a 20% down payment ($37,971) at today's rates (6.8%), you'd need a gross annual income of approximately $50,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Pawnee compare to the national average home price?
The national median home value is approximately $410,000. At $189,856, homes in Pawnee are 54% below the national average.
What metro area is Pawnee part of?
Pawnee is part of the Springfield, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.