Market Overview
Home Prices in Villa Grove, IL
The median home value in Villa Grove, IL is $137,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 11.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Villa Grove are priced66% below average. Villa Grove is part of the Champaign-Urbana, IL metro area.
Over the past five years, Villa Grove home values have risen by approximately45.4%, reflecting strong long-term appreciation in this market.
Price History
Villa Grove Home Price Trend
City Comparison
Villa Grove vs. National Median
At $137,994, homes in Villa Grove cost 66% below the national median of $410,000. This makes Villa Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Villa Grove?
20% Down Payment
$27,599
on $137,994
Monthly P&I
$720/mo
30-yr @ 6.8%
Total Monthly Est.
~$914/mo
incl. taxes & insurance
Income Needed
$36,560
gross annual (30% rule)
10% Down Option
$13,799
+ PMI applies
Loan Amount (20% dn)
$110,395
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 Villa Grove, IL?
The median home value in Villa Grove is $137,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Villa Grove?
Over the past year, home values in Villa Grove have increased by 4.9%. Over five years, prices have risen approximately 45.4%.
How much do I need to earn to buy a home in Villa Grove?
To comfortably afford the median home price of $137,994 with a 20% down payment ($27,599) at today's rates (6.8%), you'd need a gross annual income of approximately $36,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Villa Grove compare to the national average home price?
The national median home value is approximately $410,000. At $137,994, homes in Villa Grove are 66% below the national average.
What metro area is Villa Grove part of?
Villa Grove is part of the Champaign-Urbana, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.