Market Overview
Home Prices in Thebes, IL
The median home value in Thebes, IL is $119,716 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and down 7.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thebes are priced71% below average. Thebes is part of the Cape Girardeau, MO-IL metro area.
Over the past five years, Thebes home values have fallen by approximately9.7%, reflecting softening conditions in this market.
Price History
Thebes Home Price Trend
City Comparison
Thebes vs. National Median
At $119,716, homes in Thebes cost 71% below the national median of $410,000. This makes Thebes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thebes?
20% Down Payment
$23,943
on $119,716
Monthly P&I
$624/mo
30-yr @ 6.8%
Total Monthly Est.
~$792/mo
incl. taxes & insurance
Income Needed
$31,680
gross annual (30% rule)
10% Down Option
$11,972
+ PMI applies
Loan Amount (20% dn)
$95,773
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 Thebes, IL?
The median home value in Thebes is $119,716 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Thebes?
Over the past year, home values in Thebes have decreased by 1.1%. Over five years, prices have fallen approximately 9.7%.
How much do I need to earn to buy a home in Thebes?
To comfortably afford the median home price of $119,716 with a 20% down payment ($23,943) at today's rates (6.8%), you'd need a gross annual income of approximately $31,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Thebes compare to the national average home price?
The national median home value is approximately $410,000. At $119,716, homes in Thebes are 71% below the national average.
What metro area is Thebes part of?
Thebes is part of the Cape Girardeau, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.