House Prices

House Prices & Home Values Philo, IL 2026


Average Data

average house price$260,425
average size per house1730 ft²
average price per ft²151 $ / ft²

04/18/2026 - The value range (VR) for house prices in Philo, IL is $151/ sqft to $151/ sqft. An average home with 1730 sqft costs approximately $261,230 to $261,230. Philo, IL includes 1 ZIP codes and it is located in Champaign county. The lowest prices are found in ZIP 61864, while the highest are in ZIP 61864. The average price per sqare feet is $151. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Philo

61864156 $ / ft²




Historical development of home values in Philo

Year Estimated value (USD) Change vs. 2025
2010 $120,946 -53.6%
2011 $116,269 -55.4%
2012 $115,956 -55.5%
2013 $120,290 -53.8%
2014 $126,272 -51.5%
2015 $132,752 -49.0%
2016 $139,680 -46.4%
2017 $147,219 -43.5%
2018 $155,358 -40.3%
2019 $162,562 -37.6%
2020 $170,966 -34.4%
2021 $194,455 -25.3%
2022 $226,691 -13.0%
2023 $239,056 -8.2%
2024 $252,886 -2.9%
2025 $260,425 0.0%

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



Example: 100% financing house in Philo

Loan amount: $260,425

Interest rate: 6.00%

Fixed monthly payment: $1,561.38

Breakdown in the 1st month:
Interest portion: $1,302.13  –  Principal portion: $259.25

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,538.50 $3,198.05 $257,226.95
2 $15,341.26 $3,395.30 $253,831.65
3 $15,131.84 $3,604.71 $250,226.94
4 $14,909.51 $3,827.04 $246,399.90
5 $14,673.47 $4,063.09 $242,336.81
6 $14,422.86 $4,313.69 $238,023.12
7 $14,156.80 $4,579.75 $233,443.37
8 $13,874.34 $4,862.22 $228,581.15
9 $13,574.45 $5,162.11 $223,419.05
10 $13,256.06 $5,480.50 $217,938.55
11 $12,918.03 $5,818.52 $212,120.03
12 $12,559.16 $6,177.39 $205,942.63
13 $12,178.15 $6,558.40 $199,384.23
14 $11,773.64 $6,962.91 $192,421.32
15 $11,344.19 $7,392.37 $185,028.95
16 $10,888.24 $7,848.31 $177,180.64
17 $10,404.17 $8,332.38 $168,848.26
18 $9,890.25 $8,846.30 $160,001.96
19 $9,344.63 $9,391.92 $150,610.04
20 $8,765.36 $9,971.20 $140,638.84
21 $8,150.36 $10,586.20 $130,052.64
22 $7,497.42 $11,239.13 $118,813.51
23 $6,804.22 $11,932.34 $106,881.17
24 $6,068.26 $12,668.30 $94,212.88
25 $5,286.90 $13,449.65 $80,763.23
26 $4,457.36 $14,279.19 $66,484.03
27 $3,576.65 $15,159.90 $51,324.13
28 $2,641.62 $16,094.93 $35,229.20
29 $1,648.92 $17,087.63 $18,141.56
30 $594.99 $18,141.56 $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 Philo, IL


1500 sqft3900 sqft
Ø selling price$274,066$583,011
Ø fast selling$249,151$524,710
Ø high price sale$298,980$641,313

In 2026, houses in Philo, IL will be offered at an average price of $151 per square foot. A 1,500 sqft home priced at $274,066 is 23.67% more expensive per square foot than a 3,900 sqft home priced at $583,011. Home prices in Philo, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $403,624. Sellers who can wait longer may achieve a higher price of up to $493,318.


Discover Philo, IL

Overview

Philo, IL, a welcoming village in Champaign County, Central Illinois, offers small-town charm just a short drive from Champaign?Urbana. Known for its friendly neighborhoods and iconic water tower proclaiming the ?Center of the Universe,? the community blends heritage with modern convenience.
Residents appreciate quick access to the University of Illinois facilities, research opportunities, and cultural amenities while enjoying quieter streets at home. Local history traces back to 19th?century prairie settlement, and the town continues to celebrate its roots through seasonal events and volunteer traditions.

Quality of Life and Housing

The real estate scene in Philo, IL features a mix of classic farmhouses, updated ranches, and new construction at relatively attainable prices. Schools are served by the well-regarded Unity school district, and families find youth sports, library programs, and safe, walkable blocks. Midwestern weather brings four distinct seasons, with sunny summers, colorful falls, snowy winters, and breezy springs ideal for community gatherings.

Things to Do and Nearby Attractions

For things to do, the village offers playgrounds, ball fields, and local parks, plus easy drives to forest preserves and prairie trails. Dining options range from cozy hometown restaurants in the area to the diverse culinary scene of Champaign?Urbana just minutes away.
Proximity to campus museums, sports venues, and theaters provides abundant nearby attractions, making Philo, IL a convenient, connected place to live and visit.



FAQ – Home Values in Philo

What is the median home value in Philo in 2026?

In 2026, the typical home value in Philo is about $260,425 for an average home size of 1730 square feet. This corresponds to an average price of roughly $151 per square foot.

What is the average cost per square foot in Philo?

In 2026, homes in Philo sell for an average of around $151 per square foot, with a typical range between $151 and $151 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 Philo is about 1730 square feet, with an estimated 2026 value around $260,425.



Locations close to Philo, IL

Potomac, IL62 $ / ft²
Rantoul, IL74 $ / ft²
Ridge Farm, IL44 $ / ft²
Pesotum, IL88 $ / ft²
Penfield, IL91 $ / ft²
Ogden, IL126 $ / ft²
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