House Prices

House Prices & Home Values Loraine, IL 2026


Average Data

average house price$60,000
average size per house1542 ft²
average price per ft²39 $ / ft²

06/19/2026 - The value range (VR) for house prices in Loraine, IL is $39/ sqft to $39/ sqft. An average home with 1542 sqft costs approximately $60,138 to $60,138. Loraine, IL includes 1 ZIP codes and it is located in Adams county. The lowest prices are found in ZIP 62349, while the highest are in ZIP 62349. The average price per sqare feet is $39. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Loraine

6234939 $ / ft²




Historical development of home values in Loraine

Year Estimated value (USD) Change vs. 2025
2010 $27,865 -53.6%
2011 $26,788 -55.4%
2012 $26,715 -55.5%
2013 $27,714 -53.8%
2014 $29,092 -51.5%
2015 $30,585 -49.0%
2016 $32,181 -46.4%
2017 $33,918 -43.5%
2018 $35,793 -40.3%
2019 $37,453 -37.6%
2020 $39,389 -34.4%
2021 $44,801 -25.3%
2022 $52,228 -13.0%
2023 $55,077 -8.2%
2024 $58,263 -2.9%
2025 $60,000 0.0%

Graph: estimated home values in Loraine over time (USD)



Example: 100% financing house in Loraine

Loan amount: $60,000

Interest rate: 6.00%

Fixed monthly payment: $359.73

Breakdown in the 1st month:
Interest portion: $300.00  –  Principal portion: $59.73

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $3,579.96 $736.81 $59,263.19
2 $3,534.51 $782.25 $58,480.94
3 $3,486.26 $830.50 $57,650.44
4 $3,435.04 $881.72 $56,768.72
5 $3,380.66 $936.11 $55,832.61
6 $3,322.92 $993.84 $54,838.77
7 $3,261.62 $1,055.14 $53,783.63
8 $3,196.54 $1,120.22 $52,663.41
9 $3,127.45 $1,189.31 $51,474.10
10 $3,054.10 $1,262.67 $50,211.43
11 $2,976.22 $1,340.54 $48,870.89
12 $2,893.54 $1,423.23 $47,447.66
13 $2,805.76 $1,511.01 $45,936.66
14 $2,712.56 $1,604.20 $44,332.45
15 $2,613.62 $1,703.15 $42,629.31
16 $2,508.57 $1,808.19 $40,821.11
17 $2,397.04 $1,919.72 $38,901.39
18 $2,278.64 $2,038.12 $36,863.27
19 $2,152.93 $2,163.83 $34,699.44
20 $2,019.47 $2,297.29 $32,402.15
21 $1,877.78 $2,438.98 $29,963.17
22 $1,727.35 $2,589.41 $27,373.76
23 $1,567.64 $2,749.12 $24,624.63
24 $1,398.08 $2,918.68 $21,705.95
25 $1,218.06 $3,098.70 $18,607.25
26 $1,026.94 $3,289.82 $15,317.43
27 $824.03 $3,492.73 $11,824.70
28 $608.61 $3,708.15 $8,116.55
29 $379.90 $3,936.86 $4,179.68
30 $137.08 $4,179.68 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Loraine, IL


1500 sqft3900 sqft
Ø selling price$70,786$150,579
Ø fast selling$64,351$135,522
Ø high price sale$77,220$165,637

In 2026, houses in Loraine, IL will be offered at an average price of $39 per square foot. A 1,500 sqft home priced at $70,786 is 22.49% more expensive per square foot than a 3,900 sqft home priced at $150,579. Home prices in Loraine, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $104,248. Sellers who can wait longer may achieve a higher price of up to $127,414.


Discover Loraine, Illinois

Loraine, Illinois is a small village in Adams County celebrated for its friendly Midwestern character. The community features quiet residential streets, local services, and wide-open countryside views. Residents enjoy a slower pace of life while remaining connected to larger markets and employers in the region.

History and Community

Founded along historic rural routes, Loraine grew around agriculture and small businesses that continue to shape its identity. Local events and civic groups strengthen community ties and welcome visitors throughout the year. Churches, volunteer organizations, and nearby schools support family life and lifelong connections.

Recreation and Living

Outdoor enthusiasts appreciate parks, ballfields, and access to scenic backroads ideal for walking, biking, and country drives.
Housing options in Loraine range from modest single-family homes to larger lots that appeal to buyers seeking space, value, and real estate opportunities. With convenient county-road access and practical amenities, the village makes daily living simple and stress-free.

Why Visit or Move

Whether you are planning a visit or considering a move, Loraine, IL offers small-town charm, strong community spirit, and authentic Illinois rural living.



FAQ – Home Values in Loraine

What is the median home value in Loraine in 2026?

In 2026, the typical home value in Loraine is about $60,000 for an average home size of 1542 square feet. This corresponds to an average price of roughly $39 per square foot.

What is the average cost per square foot in Loraine?

In 2026, homes in Loraine sell for an average of around $39 per square foot, with a typical range between $39 and $39 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Loraine is about 1542 square feet, with an estimated 2026 value around $60,000.



Locations close to Loraine, IL

Mendon, IL143 $ / ft²
Milton, IL40 $ / ft²
Mount Sterling, IL156 $ / ft²
Lima, IL41 $ / ft²
Liberty, IL129 $ / ft²
La Prairie, IL52 $ / ft²
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