Market Overview
Home Prices in Steeleville, IL
The median home value in Steeleville, IL is $170,135 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.1% 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 Steeleville are priced59% below average.
Over the past five years, Steeleville home values have risen by approximately30.9%, reflecting strong long-term appreciation in this market.
Price History
Steeleville Home Price Trend
2020
$115,677
$116K
—
2021
$129,976
$130K
+12.4%
2022
$139,271
$139K
+7.2%
2023
$143,495
$143K
+3.0%
2024
$148,226
$148K
+3.3%
2025
$153,123
$153K
+3.3%
2026
$170,135
$170K
+11.1%
City Comparison
Steeleville vs. National Median
🏠 Steeleville
$170,135
National Median
$410,000
At $170,135, homes in Steeleville cost 59% below the national median of $410,000. This makes Steeleville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Steeleville?
20% Down Payment
$34,027
on $170,135
Monthly P&I
$887/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,126/mo
incl. taxes & insurance
Income Needed
$45,040
gross annual (30% rule)
10% Down Option
$17,014
+ PMI applies
Loan Amount (20% dn)
$136,108
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 Steeleville, IL?
The median home value in Steeleville is $170,135 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.1% year-over-year.
How much have home prices changed in Steeleville?
Over the past year, home values in Steeleville have increased by 11.1%. Over five years, prices have risen approximately 30.9%.
How much do I need to earn to buy a home in Steeleville?
To comfortably afford the median home price of $170,135 with a 20% down payment ($34,027) at today's rates (6.8%), you'd need a gross annual income of approximately $45,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Steeleville compare to the national average home price?
The national median home value is approximately $410,000. At $170,135, homes in Steeleville are 59% below the national average.