Market Overview
Home Prices in Wapella, IL
The median home value in Wapella, IL is $182,909 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 15.3% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wapella are priced55% below average.
Over the past five years, Wapella home values have risen by approximately46.3%, reflecting strong long-term appreciation in this market.
Price History
Wapella Home Price Trend
2020
$118,448
$118K
—
2021
$125,023
$125K
+5.6%
2022
$138,622
$139K
+10.9%
2023
$138,852
$139K
+0.2%
2024
$151,059
$151K
+8.8%
2025
$158,599
$159K
+5.0%
2026
$182,909
$183K
+15.3%
City Comparison
Wapella vs. National Median
🏠 Wapella
$182,909
National Median
$410,000
At $182,909, homes in Wapella cost 55% below the national median of $410,000. This makes Wapella a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wapella?
20% Down Payment
$36,582
on $182,909
Monthly P&I
$954/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,212/mo
incl. taxes & insurance
Income Needed
$48,480
gross annual (30% rule)
10% Down Option
$18,291
+ PMI applies
Loan Amount (20% dn)
$146,327
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 Wapella, IL?
The median home value in Wapella is $182,909 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 15.3% year-over-year.
How much have home prices changed in Wapella?
Over the past year, home values in Wapella have increased by 15.3%. Over five years, prices have risen approximately 46.3%.
How much do I need to earn to buy a home in Wapella?
To comfortably afford the median home price of $182,909 with a 20% down payment ($36,582) at today's rates (6.8%), you'd need a gross annual income of approximately $48,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Wapella compare to the national average home price?
The national median home value is approximately $410,000. At $182,909, homes in Wapella are 55% below the national average.