Market Overview
Home Prices in Strasburg, IL
The median home value in Strasburg, IL is $186,750 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.6% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Strasburg are priced54% below average.
Price History
Strasburg Home Price Trend
2024
$158,458
$158K
—
2025
$167,312
$167K
+5.6%
2026
$186,750
$187K
+11.6%
City Comparison
Strasburg vs. National Median
🏠 Strasburg
$186,750
National Median
$410,000
At $186,750, homes in Strasburg cost 54% below the national median of $410,000. This makes Strasburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Strasburg?
20% Down Payment
$37,350
on $186,750
Monthly P&I
$974/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,237/mo
incl. taxes & insurance
Income Needed
$49,480
gross annual (30% rule)
10% Down Option
$18,675
+ PMI applies
Loan Amount (20% dn)
$149,400
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 Strasburg, IL?
The median home value in Strasburg is $186,750 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.6% year-over-year.
How much have home prices changed in Strasburg?
Over the past year, home values in Strasburg have increased by 11.6%.
How much do I need to earn to buy a home in Strasburg?
To comfortably afford the median home price of $186,750 with a 20% down payment ($37,350) at today's rates (6.8%), you'd need a gross annual income of approximately $49,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Strasburg compare to the national average home price?
The national median home value is approximately $410,000. At $186,750, homes in Strasburg are 54% below the national average.