Market Overview
Home Prices in Smithshire, IL
The median home value in Smithshire, IL is $155,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Smithshire are priced62% below average. Smithshire is part of the Burlington, IA-IL metro area.
Price History
Smithshire Home Price Trend
2022
$135,641
$136K
—
2023
$137,257
$137K
+1.2%
2024
$139,793
$140K
+1.8%
2025
$148,760
$149K
+6.4%
2026
$155,580
$156K
+4.6%
City Comparison
Smithshire vs. National Median
🏠 Smithshire
$155,580
National Median
$410,000
At $155,580, homes in Smithshire cost 62% below the national median of $410,000. This makes Smithshire a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Smithshire?
20% Down Payment
$31,116
on $155,580
Monthly P&I
$811/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,030/mo
incl. taxes & insurance
Income Needed
$41,200
gross annual (30% rule)
10% Down Option
$15,558
+ PMI applies
Loan Amount (20% dn)
$124,464
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 Smithshire, IL?
The median home value in Smithshire is $155,580 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Smithshire?
Over the past year, home values in Smithshire have increased by 4.6%.
How much do I need to earn to buy a home in Smithshire?
To comfortably afford the median home price of $155,580 with a 20% down payment ($31,116) at today's rates (6.8%), you'd need a gross annual income of approximately $41,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Smithshire compare to the national average home price?
The national median home value is approximately $410,000. At $155,580, homes in Smithshire are 62% below the national average.
What metro area is Smithshire part of?
Smithshire is part of the Burlington, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.