Market Overview
Home Prices in Shumway, IL
The median home value in Shumway, IL is $230,331 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shumway are priced44% below average. Shumway is part of the Effingham, IL metro area.
Over the past five years, Shumway home values have risen by approximately24.2%, reflecting strong long-term appreciation in this market.
Price History
Shumway Home Price Trend
City Comparison
Shumway vs. National Median
At $230,331, homes in Shumway cost 44% below the national median of $410,000. This makes Shumway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shumway?
20% Down Payment
$46,066
on $230,331
Monthly P&I
$1,201/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,525/mo
incl. taxes & insurance
Income Needed
$61,000
gross annual (30% rule)
10% Down Option
$23,033
+ PMI applies
Loan Amount (20% dn)
$184,265
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 Shumway, IL?
The median home value in Shumway is $230,331 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Shumway?
Over the past year, home values in Shumway have increased by 5.1%. Over five years, prices have risen approximately 24.2%.
How much do I need to earn to buy a home in Shumway?
To comfortably afford the median home price of $230,331 with a 20% down payment ($46,066) at today's rates (6.8%), you'd need a gross annual income of approximately $61,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Shumway compare to the national average home price?
The national median home value is approximately $410,000. At $230,331, homes in Shumway are 44% below the national average.
What metro area is Shumway part of?
Shumway is part of the Effingham, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.