Market Overview
Home Prices in Sparland, IL
The median home value in Sparland, IL is $103,020 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.7% compared to a year ago and down 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sparland are priced75% below average. Sparland is part of the Peoria, IL metro area.
Price History
Sparland Home Price Trend
2022
$95,893
$96K
—
2023
$93,546
$94K
-2.4%
2024
$96,221
$96K
+2.9%
2025
$91,373
$91K
-5.0%
2026
$103,020
$103K
+12.7%
City Comparison
Sparland vs. National Median
🏠 Sparland
$103,020
National Median
$410,000
At $103,020, homes in Sparland cost 75% below the national median of $410,000. This makes Sparland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sparland?
20% Down Payment
$20,604
on $103,020
Monthly P&I
$537/mo
30-yr @ 6.8%
Total Monthly Est.
~$682/mo
incl. taxes & insurance
Income Needed
$27,280
gross annual (30% rule)
10% Down Option
$10,302
+ PMI applies
Loan Amount (20% dn)
$82,416
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 Sparland, IL?
The median home value in Sparland is $103,020 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.7% year-over-year.
How much have home prices changed in Sparland?
Over the past year, home values in Sparland have increased by 12.7%.
How much do I need to earn to buy a home in Sparland?
To comfortably afford the median home price of $103,020 with a 20% down payment ($20,604) at today's rates (6.8%), you'd need a gross annual income of approximately $27,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Sparland compare to the national average home price?
The national median home value is approximately $410,000. At $103,020, homes in Sparland are 75% below the national average.
What metro area is Sparland part of?
Sparland is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.