Market Overview
Home Prices in Smithboro, IL
The median home value in Smithboro, IL is $172,178 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.7% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Smithboro are priced58% below average. Smithboro is part of the St. Louis, MO-IL metro area.
Over the past five years, Smithboro home values have risen by approximately13.4%, reflecting steady appreciation in this market.
Price History
Smithboro Home Price Trend
City Comparison
Smithboro vs. National Median
At $172,178, homes in Smithboro cost 58% below the national median of $410,000. This makes Smithboro a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Smithboro?
20% Down Payment
$34,436
on $172,178
Monthly P&I
$898/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,140/mo
incl. taxes & insurance
Income Needed
$45,600
gross annual (30% rule)
10% Down Option
$17,218
+ PMI applies
Loan Amount (20% dn)
$137,742
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 Smithboro, IL?
The median home value in Smithboro is $172,178 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.7% year-over-year.
How much have home prices changed in Smithboro?
Over the past year, home values in Smithboro have increased by 13.7%. Over five years, prices have risen approximately 13.4%.
How much do I need to earn to buy a home in Smithboro?
To comfortably afford the median home price of $172,178 with a 20% down payment ($34,436) at today's rates (6.8%), you'd need a gross annual income of approximately $45,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Smithboro compare to the national average home price?
The national median home value is approximately $410,000. At $172,178, homes in Smithboro are 58% below the national average.
What metro area is Smithboro part of?
Smithboro is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.