Market Overview
Home Prices in Raymond, IL
The median home value in Raymond, IL is $170,689 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 17.1% compared to a year ago and up 12.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Raymond are priced58% below average.
Over the past five years, Raymond home values have risen by approximately47.6%, reflecting strong long-term appreciation in this market.
Price History
Raymond Home Price Trend
2020
$110,682
$111K
—
2021
$115,625
$116K
+4.5%
2022
$123,712
$124K
+7.0%
2023
$125,882
$126K
+1.8%
2024
$129,769
$130K
+3.1%
2025
$145,729
$146K
+12.3%
2026
$170,689
$171K
+17.1%
City Comparison
Raymond vs. National Median
🏠 Raymond
$170,689
National Median
$410,000
At $170,689, homes in Raymond cost 58% below the national median of $410,000. This makes Raymond a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Raymond?
20% Down Payment
$34,138
on $170,689
Monthly P&I
$890/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,130/mo
incl. taxes & insurance
Income Needed
$45,200
gross annual (30% rule)
10% Down Option
$17,069
+ PMI applies
Loan Amount (20% dn)
$136,551
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 Raymond, IL?
The median home value in Raymond is $170,689 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 17.1% year-over-year.
How much have home prices changed in Raymond?
Over the past year, home values in Raymond have increased by 17.1%. Over five years, prices have risen approximately 47.6%.
How much do I need to earn to buy a home in Raymond?
To comfortably afford the median home price of $170,689 with a 20% down payment ($34,138) at today's rates (6.8%), you'd need a gross annual income of approximately $45,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Raymond compare to the national average home price?
The national median home value is approximately $410,000. At $170,689, homes in Raymond are 58% below the national average.