Market Overview
Home Prices in Serena, IL
The median home value in Serena, IL is $343,765 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Serena are priced16% below average. Serena is part of the Ottawa, IL metro area.
Over the past five years, Serena home values have risen by approximately35.5%, reflecting strong long-term appreciation in this market.
Price History
Serena Home Price Trend
2020
$235,168
$235K
—
2021
$253,699
$254K
+7.9%
2022
$285,686
$286K
+12.6%
2023
$290,608
$291K
+1.7%
2024
$306,767
$307K
+5.6%
2025
$319,049
$319K
+4.0%
2026
$343,765
$344K
+7.7%
City Comparison
Serena vs. National Median
🏠 Serena
$343,765
National Median
$410,000
At $343,765, homes in Serena cost 16% below the national median of $410,000. This makes Serena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Serena?
20% Down Payment
$68,753
on $343,765
Monthly P&I
$1,793/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,277/mo
incl. taxes & insurance
Income Needed
$91,080
gross annual (30% rule)
10% Down Option
$34,377
+ PMI applies
Loan Amount (20% dn)
$275,012
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 Serena, IL?
The median home value in Serena is $343,765 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Serena?
Over the past year, home values in Serena have increased by 7.7%. Over five years, prices have risen approximately 35.5%.
How much do I need to earn to buy a home in Serena?
To comfortably afford the median home price of $343,765 with a 20% down payment ($68,753) at today's rates (6.8%), you'd need a gross annual income of approximately $91,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Serena compare to the national average home price?
The national median home value is approximately $410,000. At $343,765, homes in Serena are 16% below the national average.
What metro area is Serena part of?
Serena is part of the Ottawa, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.