Market Overview
Home Prices in Savanna, IL
The median home value in Savanna, IL is $98,130 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.4% compared to a year ago and up 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Savanna are priced76% below average.
Over the past five years, Savanna home values have risen by approximately44.0%, reflecting strong long-term appreciation in this market.
Price History
Savanna Home Price Trend
2020
$58,979
$59K
—
2021
$68,145
$68K
+15.5%
2022
$73,266
$73K
+7.5%
2023
$74,891
$75K
+2.2%
2024
$80,748
$81K
+7.8%
2025
$85,759
$86K
+6.2%
2026
$98,130
$98K
+14.4%
City Comparison
Savanna vs. National Median
🏠 Savanna
$98,130
National Median
$410,000
At $98,130, homes in Savanna cost 76% below the national median of $410,000. This makes Savanna a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Savanna?
20% Down Payment
$19,626
on $98,130
Monthly P&I
$512/mo
30-yr @ 6.8%
Total Monthly Est.
~$650/mo
incl. taxes & insurance
Income Needed
$26,000
gross annual (30% rule)
10% Down Option
$9,813
+ PMI applies
Loan Amount (20% dn)
$78,504
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 Savanna, IL?
The median home value in Savanna is $98,130 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.4% year-over-year.
How much have home prices changed in Savanna?
Over the past year, home values in Savanna have increased by 14.4%. Over five years, prices have risen approximately 44.0%.
How much do I need to earn to buy a home in Savanna?
To comfortably afford the median home price of $98,130 with a 20% down payment ($19,626) at today's rates (6.8%), you'd need a gross annual income of approximately $26,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Savanna compare to the national average home price?
The national median home value is approximately $410,000. At $98,130, homes in Savanna are 76% below the national average.