Market Overview
Home Prices in Washburn, IL
The median home value in Washburn, IL is $125,945 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.3% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Washburn are priced69% below average. Washburn is part of the Peoria, IL metro area.
Over the past five years, Washburn home values have risen by approximately6.2%, reflecting steady appreciation in this market.
Price History
Washburn Home Price Trend
City Comparison
Washburn vs. National Median
At $125,945, homes in Washburn cost 69% below the national median of $410,000. This makes Washburn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Washburn?
20% Down Payment
$25,189
on $125,945
Monthly P&I
$657/mo
30-yr @ 6.8%
Total Monthly Est.
~$834/mo
incl. taxes & insurance
Income Needed
$33,360
gross annual (30% rule)
10% Down Option
$12,595
+ PMI applies
Loan Amount (20% dn)
$100,756
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 Washburn, IL?
The median home value in Washburn is $125,945 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.3% year-over-year.
How much have home prices changed in Washburn?
Over the past year, home values in Washburn have decreased by 7.3%. Over five years, prices have risen approximately 6.2%.
How much do I need to earn to buy a home in Washburn?
To comfortably afford the median home price of $125,945 with a 20% down payment ($25,189) at today's rates (6.8%), you'd need a gross annual income of approximately $33,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Washburn compare to the national average home price?
The national median home value is approximately $410,000. At $125,945, homes in Washburn are 69% below the national average.
What metro area is Washburn part of?
Washburn is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.