Market Overview
Home Prices in Virginia, IL
The median home value in Virginia, IL is $108,339 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Virginia are priced74% below average.
Over the past five years, Virginia home values have risen by approximately17.1%, reflecting steady appreciation in this market.
Price History
Virginia Home Price Trend
2020
$80,600
$81K
—
2021
$92,514
$93K
+14.8%
2022
$99,536
$100K
+7.6%
2023
$96,217
$96K
-3.3%
2024
$107,231
$107K
+11.4%
2025
$106,143
$106K
-1.0%
2026
$108,339
$108K
+2.1%
City Comparison
Virginia vs. National Median
🏠 Virginia
$108,339
National Median
$410,000
At $108,339, homes in Virginia cost 74% below the national median of $410,000. This makes Virginia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Virginia?
20% Down Payment
$21,668
on $108,339
Monthly P&I
$565/mo
30-yr @ 6.8%
Total Monthly Est.
~$718/mo
incl. taxes & insurance
Income Needed
$28,720
gross annual (30% rule)
10% Down Option
$10,834
+ PMI applies
Loan Amount (20% dn)
$86,671
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 Virginia, IL?
The median home value in Virginia is $108,339 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Virginia?
Over the past year, home values in Virginia have increased by 2.1%. Over five years, prices have risen approximately 17.1%.
How much do I need to earn to buy a home in Virginia?
To comfortably afford the median home price of $108,339 with a 20% down payment ($21,668) at today's rates (6.8%), you'd need a gross annual income of approximately $28,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Virginia compare to the national average home price?
The national median home value is approximately $410,000. At $108,339, homes in Virginia are 74% below the national average.