Market Overview
Home Prices in Raleigh, IL
The median home value in Raleigh, IL is $143,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and down 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Raleigh are priced65% below average.
Over the past five years, Raleigh home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Raleigh Home Price Trend
2021
$112,339
$112K
—
2022
$127,646
$128K
+13.6%
2023
$139,619
$140K
+9.4%
2024
$148,149
$148K
+6.1%
2025
$138,560
$139K
-6.5%
2026
$143,927
$144K
+3.9%
City Comparison
Raleigh vs. National Median
🏠 Raleigh
$143,927
National Median
$410,000
At $143,927, homes in Raleigh cost 65% below the national median of $410,000. This makes Raleigh a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Raleigh?
20% Down Payment
$28,785
on $143,927
Monthly P&I
$751/mo
30-yr @ 6.8%
Total Monthly Est.
~$954/mo
incl. taxes & insurance
Income Needed
$38,160
gross annual (30% rule)
10% Down Option
$14,393
+ PMI applies
Loan Amount (20% dn)
$115,142
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 Raleigh, IL?
The median home value in Raleigh is $143,927 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Raleigh?
Over the past year, home values in Raleigh have increased by 3.9%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Raleigh?
To comfortably afford the median home price of $143,927 with a 20% down payment ($28,785) at today's rates (6.8%), you'd need a gross annual income of approximately $38,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Raleigh compare to the national average home price?
The national median home value is approximately $410,000. At $143,927, homes in Raleigh are 65% below the national average.