Market Overview
Home Prices in Wamac, IL
The median home value in Wamac, IL is $42,585 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.7% compared to a year ago and down 11.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wamac are priced90% below average. Wamac is part of the Centralia, IL metro area.
Over the past five years, Wamac home values have fallen by approximately24.1%, reflecting softening conditions in this market.
Price History
Wamac Home Price Trend
2021
$56,097
$56K
—
2022
$53,266
$53K
-5.0%
2023
$48,298
$48K
-9.3%
2024
$52,877
$53K
+9.5%
2025
$46,626
$47K
-11.8%
2026
$42,585
$43K
-8.7%
City Comparison
Wamac vs. National Median
🏠 Wamac
$42,585
National Median
$410,000
At $42,585, homes in Wamac cost 90% below the national median of $410,000. This makes Wamac a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wamac?
20% Down Payment
$8,517
on $42,585
Monthly P&I
$222/mo
30-yr @ 6.8%
Total Monthly Est.
~$282/mo
incl. taxes & insurance
Income Needed
$11,280
gross annual (30% rule)
10% Down Option
$4,259
+ PMI applies
Loan Amount (20% dn)
$34,068
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 Wamac, IL?
The median home value in Wamac is $42,585 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.7% year-over-year.
How much have home prices changed in Wamac?
Over the past year, home values in Wamac have decreased by 8.7%. Over five years, prices have fallen approximately 24.1%.
How much do I need to earn to buy a home in Wamac?
To comfortably afford the median home price of $42,585 with a 20% down payment ($8,517) at today's rates (6.8%), you'd need a gross annual income of approximately $11,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Wamac compare to the national average home price?
The national median home value is approximately $410,000. At $42,585, homes in Wamac are 90% below the national average.
What metro area is Wamac part of?
Wamac is part of the Centralia, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.