Market Overview
Home Prices in Tower Hill, IL
The median home value in Tower Hill, IL is $158,678 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tower Hill are priced61% below average.
Price History
Tower Hill Home Price Trend
2024
$161,046
$161K
—
2025
$159,348
$159K
-1.1%
2026
$158,678
$159K
-0.4%
City Comparison
Tower Hill vs. National Median
🏠 Tower Hill
$158,678
National Median
$410,000
At $158,678, homes in Tower Hill cost 61% below the national median of $410,000. This makes Tower Hill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tower Hill?
20% Down Payment
$31,736
on $158,678
Monthly P&I
$828/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,052/mo
incl. taxes & insurance
Income Needed
$42,080
gross annual (30% rule)
10% Down Option
$15,868
+ PMI applies
Loan Amount (20% dn)
$126,942
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 Tower Hill, IL?
The median home value in Tower Hill is $158,678 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Tower Hill?
Over the past year, home values in Tower Hill have decreased by 0.4%.
How much do I need to earn to buy a home in Tower Hill?
To comfortably afford the median home price of $158,678 with a 20% down payment ($31,736) at today's rates (6.8%), you'd need a gross annual income of approximately $42,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Tower Hill compare to the national average home price?
The national median home value is approximately $410,000. At $158,678, homes in Tower Hill are 61% below the national average.