Market Overview
Home Prices in Southern View, IL
The median home value in Southern View, IL is $134,636 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Southern View are priced67% below average. Southern View is part of the Springfield, IL metro area.
Over the past five years, Southern View home values have risen by approximately43.6%, reflecting strong long-term appreciation in this market.
Price History
Southern View Home Price Trend
City Comparison
Southern View vs. National Median
At $134,636, homes in Southern View cost 67% below the national median of $410,000. This makes Southern View a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Southern View?
20% Down Payment
$26,927
on $134,636
Monthly P&I
$702/mo
30-yr @ 6.8%
Total Monthly Est.
~$892/mo
incl. taxes & insurance
Income Needed
$35,680
gross annual (30% rule)
10% Down Option
$13,464
+ PMI applies
Loan Amount (20% dn)
$107,709
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 Southern View, IL?
The median home value in Southern View is $134,636 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Southern View?
Over the past year, home values in Southern View have increased by 8.1%. Over five years, prices have risen approximately 43.6%.
How much do I need to earn to buy a home in Southern View?
To comfortably afford the median home price of $134,636 with a 20% down payment ($26,927) at today's rates (6.8%), you'd need a gross annual income of approximately $35,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Southern View compare to the national average home price?
The national median home value is approximately $410,000. At $134,636, homes in Southern View are 67% below the national average.
What metro area is Southern View part of?
Southern View is part of the Springfield, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.