Market Overview
Home Prices in Quincy, IL
The median home value in Quincy, IL is $182,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Quincy are priced55% below average. Quincy is part of the Quincy, IL-MO metro area.
Over the past five years, Quincy home values have risen by approximately14.3%, reflecting steady appreciation in this market.
Price History
Quincy Home Price Trend
2020
$151,049
$151K
—
2021
$159,962
$160K
+5.9%
2022
$174,910
$175K
+9.3%
2023
$183,112
$183K
+4.7%
2024
$175,644
$176K
-4.1%
2025
$175,800
$176K
+0.1%
2026
$182,838
$183K
+4.0%
City Comparison
Quincy vs. National Median
🏠 Quincy
$182,838
National Median
$410,000
At $182,838, homes in Quincy cost 55% below the national median of $410,000. This makes Quincy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Quincy?
20% Down Payment
$36,568
on $182,838
Monthly P&I
$954/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,212/mo
incl. taxes & insurance
Income Needed
$48,480
gross annual (30% rule)
10% Down Option
$18,284
+ PMI applies
Loan Amount (20% dn)
$146,270
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 Quincy, IL?
The median home value in Quincy is $182,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Quincy?
Over the past year, home values in Quincy have increased by 4%. Over five years, prices have risen approximately 14.3%.
How much do I need to earn to buy a home in Quincy?
To comfortably afford the median home price of $182,838 with a 20% down payment ($36,568) at today's rates (6.8%), you'd need a gross annual income of approximately $48,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Quincy compare to the national average home price?
The national median home value is approximately $410,000. At $182,838, homes in Quincy are 55% below the national average.
What metro area is Quincy part of?
Quincy is part of the Quincy, IL-MO metropolitan area. Home prices and market conditions can vary across the broader metro region.