Market Overview
Home Prices in Ilion, NY
The median home value in Ilion, NY is $159,762 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ilion are priced61% below average. Ilion is part of the Utica-Rome, NY metro area.
Over the past five years, Ilion home values have risen by approximately40.1%, reflecting strong long-term appreciation in this market.
Price History
Ilion Home Price Trend
2020
$100,320
$100K
—
2021
$114,030
$114K
+13.7%
2022
$125,993
$126K
+10.5%
2023
$131,295
$131K
+4.2%
2024
$142,998
$143K
+8.9%
2025
$148,700
$149K
+4.0%
2026
$159,762
$160K
+7.4%
City Comparison
Ilion vs. National Median
🏠 Ilion
$159,762
National Median
$410,000
At $159,762, homes in Ilion cost 61% below the national median of $410,000. This makes Ilion a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ilion?
20% Down Payment
$31,952
on $159,762
Monthly P&I
$833/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,058/mo
incl. taxes & insurance
Income Needed
$42,320
gross annual (30% rule)
10% Down Option
$15,976
+ PMI applies
Loan Amount (20% dn)
$127,810
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 Ilion, NY?
The median home value in Ilion is $159,762 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Ilion?
Over the past year, home values in Ilion have increased by 7.4%. Over five years, prices have risen approximately 40.1%.
How much do I need to earn to buy a home in Ilion?
To comfortably afford the median home price of $159,762 with a 20% down payment ($31,952) at today's rates (6.8%), you'd need a gross annual income of approximately $42,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Ilion compare to the national average home price?
The national median home value is approximately $410,000. At $159,762, homes in Ilion are 61% below the national average.
What metro area is Ilion part of?
Ilion is part of the Utica-Rome, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.