Market Overview
Home Prices in Toluca, IL
The median home value in Toluca, IL is $116,414 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.3% compared to a year ago and up 14% from two years prior.
Compared to the U.S. national median of $410,000, homes in Toluca are priced72% below average. Toluca is part of the Peoria, IL metro area.
Over the past five years, Toluca home values have risen by approximately61.1%, reflecting strong long-term appreciation in this market.
Price History
Toluca Home Price Trend
2020
$66,243
$66K
—
2021
$72,261
$72K
+9.1%
2022
$76,351
$76K
+5.7%
2023
$87,110
$87K
+14.1%
2024
$94,303
$94K
+8.3%
2025
$107,535
$108K
+14.0%
2026
$116,414
$116K
+8.3%
City Comparison
Toluca vs. National Median
🏠 Toluca
$116,414
National Median
$410,000
At $116,414, homes in Toluca cost 72% below the national median of $410,000. This makes Toluca a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Toluca?
20% Down Payment
$23,283
on $116,414
Monthly P&I
$607/mo
30-yr @ 6.8%
Total Monthly Est.
~$771/mo
incl. taxes & insurance
Income Needed
$30,840
gross annual (30% rule)
10% Down Option
$11,641
+ PMI applies
Loan Amount (20% dn)
$93,131
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 Toluca, IL?
The median home value in Toluca is $116,414 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.3% year-over-year.
How much have home prices changed in Toluca?
Over the past year, home values in Toluca have increased by 8.3%. Over five years, prices have risen approximately 61.1%.
How much do I need to earn to buy a home in Toluca?
To comfortably afford the median home price of $116,414 with a 20% down payment ($23,283) at today's rates (6.8%), you'd need a gross annual income of approximately $30,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Toluca compare to the national average home price?
The national median home value is approximately $410,000. At $116,414, homes in Toluca are 72% below the national average.
What metro area is Toluca part of?
Toluca is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.