Market Overview
Home Prices in Venice, IL
The median home value in Venice, IL is $37,195 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and down 8.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Venice are priced91% below average. Venice is part of the St. Louis, MO-IL metro area.
Over the past five years, Venice home values have fallen by approximately10.4%, reflecting softening conditions in this market.
Price History
Venice Home Price Trend
2020
$30,672
$31K
—
2021
$41,524
$42K
+35.4%
2022
$35,857
$36K
-13.6%
2023
$32,646
$33K
-9.0%
2024
$38,895
$39K
+19.1%
2025
$35,741
$36K
-8.1%
2026
$37,195
$37K
+4.1%
City Comparison
Venice vs. National Median
🏠 Venice
$37,195
National Median
$410,000
At $37,195, homes in Venice cost 91% below the national median of $410,000. This makes Venice a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Venice?
20% Down Payment
$7,439
on $37,195
Monthly P&I
$194/mo
30-yr @ 6.8%
Total Monthly Est.
~$246/mo
incl. taxes & insurance
Income Needed
$9,840
gross annual (30% rule)
10% Down Option
$3,720
+ PMI applies
Loan Amount (20% dn)
$29,756
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 Venice, IL?
The median home value in Venice is $37,195 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Venice?
Over the past year, home values in Venice have increased by 4.1%. Over five years, prices have fallen approximately 10.4%.
How much do I need to earn to buy a home in Venice?
To comfortably afford the median home price of $37,195 with a 20% down payment ($7,439) at today's rates (6.8%), you'd need a gross annual income of approximately $9,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Venice compare to the national average home price?
The national median home value is approximately $410,000. At $37,195, homes in Venice are 91% below the national average.
What metro area is Venice part of?
Venice is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.