Market Overview
Home Prices in Smithton, IL
The median home value in Smithton, IL is $312,935 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Smithton are priced24% below average. Smithton is part of the St. Louis, MO-IL metro area.
Over the past five years, Smithton home values have risen by approximately30.1%, reflecting strong long-term appreciation in this market.
Price History
Smithton Home Price Trend
City Comparison
Smithton vs. National Median
At $312,935, homes in Smithton cost 24% below the national median of $410,000. This makes Smithton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Smithton?
20% Down Payment
$62,587
on $312,935
Monthly P&I
$1,632/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,073/mo
incl. taxes & insurance
Income Needed
$82,920
gross annual (30% rule)
10% Down Option
$31,294
+ PMI applies
Loan Amount (20% dn)
$250,348
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 Smithton, IL?
The median home value in Smithton is $312,935 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Smithton?
Over the past year, home values in Smithton have increased by 3.1%. Over five years, prices have risen approximately 30.1%.
How much do I need to earn to buy a home in Smithton?
To comfortably afford the median home price of $312,935 with a 20% down payment ($62,587) at today's rates (6.8%), you'd need a gross annual income of approximately $82,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Smithton compare to the national average home price?
The national median home value is approximately $410,000. At $312,935, homes in Smithton are 24% below the national average.
What metro area is Smithton part of?
Smithton is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.