Market Overview
Home Prices in South Beloit, IL
The median home value in South Beloit, IL is $243,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Beloit are priced41% below average. South Beloit is part of the Rockford, IL metro area.
Over the past five years, South Beloit home values have risen by approximately53.1%, reflecting strong long-term appreciation in this market.
Price History
South Beloit Home Price Trend
City Comparison
South Beloit vs. National Median
At $243,724, homes in South Beloit cost 41% below the national median of $410,000. This makes South Beloit a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Beloit?
20% Down Payment
$48,745
on $243,724
Monthly P&I
$1,271/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,614/mo
incl. taxes & insurance
Income Needed
$64,560
gross annual (30% rule)
10% Down Option
$24,372
+ PMI applies
Loan Amount (20% dn)
$194,979
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 South Beloit, IL?
The median home value in South Beloit is $243,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in South Beloit?
Over the past year, home values in South Beloit have increased by 8.7%. Over five years, prices have risen approximately 53.1%.
How much do I need to earn to buy a home in South Beloit?
To comfortably afford the median home price of $243,724 with a 20% down payment ($48,745) at today's rates (6.8%), you'd need a gross annual income of approximately $64,560. This assumes keeping total housing costs at or below 30% of gross income.
How does South Beloit compare to the national average home price?
The national median home value is approximately $410,000. At $243,724, homes in South Beloit are 41% below the national average.
What metro area is South Beloit part of?
South Beloit is part of the Rockford, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.