Market Overview
Home Prices in Ransom, IL
The median home value in Ransom, IL is $211,661 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and down 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ransom are priced48% below average. Ransom is part of the Ottawa, IL metro area.
Over the past five years, Ransom home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Ransom Home Price Trend
City Comparison
Ransom vs. National Median
At $211,661, homes in Ransom cost 48% below the national median of $410,000. This makes Ransom a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ransom?
20% Down Payment
$42,332
on $211,661
Monthly P&I
$1,104/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,402/mo
incl. taxes & insurance
Income Needed
$56,080
gross annual (30% rule)
10% Down Option
$21,166
+ PMI applies
Loan Amount (20% dn)
$169,329
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 Ransom, IL?
The median home value in Ransom is $211,661 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Ransom?
Over the past year, home values in Ransom have increased by 8.1%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Ransom?
To comfortably afford the median home price of $211,661 with a 20% down payment ($42,332) at today's rates (6.8%), you'd need a gross annual income of approximately $56,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Ransom compare to the national average home price?
The national median home value is approximately $410,000. At $211,661, homes in Ransom are 48% below the national average.
What metro area is Ransom part of?
Ransom is part of the Ottawa, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.