Market Overview
Home Prices in Princeville, IL
The median home value in Princeville, IL is $237,845 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.1% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Princeville are priced42% below average. Princeville is part of the Peoria, IL metro area.
Over the past five years, Princeville home values have risen by approximately37.3%, reflecting strong long-term appreciation in this market.
Price History
Princeville Home Price Trend
City Comparison
Princeville vs. National Median
At $237,845, homes in Princeville cost 42% below the national median of $410,000. This makes Princeville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Princeville?
20% Down Payment
$47,569
on $237,845
Monthly P&I
$1,240/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,575/mo
incl. taxes & insurance
Income Needed
$63,000
gross annual (30% rule)
10% Down Option
$23,785
+ PMI applies
Loan Amount (20% dn)
$190,276
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 Princeville, IL?
The median home value in Princeville is $237,845 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.1% year-over-year.
How much have home prices changed in Princeville?
Over the past year, home values in Princeville have increased by 10.1%. Over five years, prices have risen approximately 37.3%.
How much do I need to earn to buy a home in Princeville?
To comfortably afford the median home price of $237,845 with a 20% down payment ($47,569) at today's rates (6.8%), you'd need a gross annual income of approximately $63,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Princeville compare to the national average home price?
The national median home value is approximately $410,000. At $237,845, homes in Princeville are 42% below the national average.
What metro area is Princeville part of?
Princeville is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.