Market Overview
Home Prices in Walnut Hill, IL
The median home value in Walnut Hill, IL is $195,018 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 15% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Walnut Hill are priced52% below average. Walnut Hill is part of the Centralia, IL metro area.
Over the past five years, Walnut Hill home values have risen by approximately36.3%, reflecting strong long-term appreciation in this market.
Price History
Walnut Hill Home Price Trend
City Comparison
Walnut Hill vs. National Median
At $195,018, homes in Walnut Hill cost 52% below the national median of $410,000. This makes Walnut Hill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Walnut Hill?
20% Down Payment
$39,004
on $195,018
Monthly P&I
$1,017/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,292/mo
incl. taxes & insurance
Income Needed
$51,680
gross annual (30% rule)
10% Down Option
$19,502
+ PMI applies
Loan Amount (20% dn)
$156,014
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 Walnut Hill, IL?
The median home value in Walnut Hill is $195,018 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 15% year-over-year.
How much have home prices changed in Walnut Hill?
Over the past year, home values in Walnut Hill have increased by 15%. Over five years, prices have risen approximately 36.3%.
How much do I need to earn to buy a home in Walnut Hill?
To comfortably afford the median home price of $195,018 with a 20% down payment ($39,004) at today's rates (6.8%), you'd need a gross annual income of approximately $51,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Walnut Hill compare to the national average home price?
The national median home value is approximately $410,000. At $195,018, homes in Walnut Hill are 52% below the national average.
What metro area is Walnut Hill part of?
Walnut Hill is part of the Centralia, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.