Market Overview
Home Prices in Wood River, IL
The median home value in Wood River, IL is $136,459 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wood River are priced67% below average. Wood River is part of the St. Louis, MO-IL metro area.
Over the past five years, Wood River home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Wood River Home Price Trend
City Comparison
Wood River vs. National Median
At $136,459, homes in Wood River cost 67% below the national median of $410,000. This makes Wood River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wood River?
20% Down Payment
$27,292
on $136,459
Monthly P&I
$712/mo
30-yr @ 6.8%
Total Monthly Est.
~$904/mo
incl. taxes & insurance
Income Needed
$36,160
gross annual (30% rule)
10% Down Option
$13,646
+ PMI applies
Loan Amount (20% dn)
$109,167
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 Wood River, IL?
The median home value in Wood River is $136,459 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Wood River?
Over the past year, home values in Wood River have increased by 4%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Wood River?
To comfortably afford the median home price of $136,459 with a 20% down payment ($27,292) at today's rates (6.8%), you'd need a gross annual income of approximately $36,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Wood River compare to the national average home price?
The national median home value is approximately $410,000. At $136,459, homes in Wood River are 67% below the national average.
What metro area is Wood River part of?
Wood River is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.