House Prices

House Prices & Home Values New Memphis, IL 2026


Average Data

average house price$232,692
average size per house2184 ft²
average price per ft²107 $ / ft²

04/21/2026 - The value range (VR) for house prices in New Memphis, IL is $94/ sqft to $94/ sqft. An average home with 2184 sqft costs approximately $205,296 to $205,296. New Memphis, IL includes 1 ZIP codes and it is located in Clinton county. The lowest prices are found in ZIP 62266, while the highest are in ZIP 62266. The average price per sqare feet is $107. Our analysis is based on 59 property listings.

Avergage prices by ZIP codes New Memphis

6226698 $ / ft²




Historical development of home values in New Memphis

Year Estimated value (USD) Change vs. 2025
2010 $108,066 -53.6%
2011 $103,887 -55.4%
2012 $103,608 -55.5%
2013 $107,480 -53.8%
2014 $112,825 -51.5%
2015 $118,615 -49.0%
2016 $124,805 -46.4%
2017 $131,542 -43.5%
2018 $138,814 -40.3%
2019 $145,251 -37.6%
2020 $152,759 -34.4%
2021 $173,747 -25.3%
2022 $202,550 -13.0%
2023 $213,599 -8.2%
2024 $225,956 -2.9%
2025 $232,692 0.0%

Graph: estimated home values in New Memphis over time (USD)



Example: 100% financing house in New Memphis

Loan amount: $232,692

Interest rate: 6.00%

Fixed monthly payment: $1,395.11

Breakdown in the 1st month:
Interest portion: $1,163.46  –  Principal portion: $231.65

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,883.79 $2,857.49 $229,834.51
2 $13,707.54 $3,033.73 $226,800.79
3 $13,520.43 $3,220.84 $223,579.94
4 $13,321.78 $3,419.50 $220,160.45
5 $13,110.87 $3,630.40 $216,530.04
6 $12,886.95 $3,854.32 $212,675.72
7 $12,649.23 $4,092.05 $208,583.68
8 $12,396.84 $4,344.43 $204,239.25
9 $12,128.88 $4,612.39 $199,626.86
10 $11,844.40 $4,896.87 $194,729.99
11 $11,542.37 $5,198.90 $189,531.09
12 $11,221.72 $5,519.56 $184,011.53
13 $10,881.28 $5,859.99 $178,151.54
14 $10,519.85 $6,221.42 $171,930.12
15 $10,136.13 $6,605.14 $165,324.98
16 $9,728.74 $7,012.54 $158,312.44
17 $9,296.22 $7,445.05 $150,867.39
18 $8,837.03 $7,904.25 $142,963.14
19 $8,349.51 $8,391.76 $134,571.38
20 $7,831.92 $8,909.35 $125,662.02
21 $7,282.41 $9,458.86 $116,203.17
22 $6,699.01 $10,042.26 $106,160.90
23 $6,079.63 $10,661.65 $95,499.26
24 $5,422.04 $11,319.23 $84,180.02
25 $4,723.89 $12,017.38 $72,162.65
26 $3,982.69 $12,758.58 $59,404.06
27 $3,195.77 $13,545.51 $45,858.56
28 $2,360.31 $14,380.96 $31,477.59
29 $1,473.32 $15,267.95 $16,209.64
30 $531.63 $16,209.64 $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 New Memphis, IL


1500 sqft3900 sqft
Ø selling price$194,206$413,128
Ø fast selling$176,550$371,815
Ø high price sale$211,861$454,440

In 2026, houses in New Memphis, IL will be offered at an average price of $107 per square foot. A 1,500 sqft home priced at $194,206 is 23.85% more expensive per square foot than a 3,900 sqft home priced at $413,128. Home prices in New Memphis, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $286,011. Sellers who can wait longer may achieve a higher price of up to $349,569.


Discover New Memphis, IL

New Memphis, IL is a small unincorporated community in Clinton County, Illinois, known for its rural character and friendly pace. Set amid southern Illinois farmland, it offers open skies, quiet roads, and a close-knit feel that appeals to residents and visitors.
Its location within the Metro East region provides convenient access to larger employment, shopping, and healthcare hubs while preserving a countryside setting. Travelers exploring New Memphis, Illinois discover peaceful neighborhoods, historic roots, and a gateway to the broader Clinton County landscape. Whether you are passing through or considering a move, New Memphis, IL delivers small-town hospitality with Midwestern charm.

Things to See and Do in New Memphis, Illinois

Outdoor enthusiasts can enjoy scenic drives, birdwatching, and seasonal farmstands, with regional parks, wineries, and nature areas a short drive away. Local diners and family-owned businesses around New Memphis, Illinois showcase home-style flavors and community spirit.

Living in New Memphis, IL

Housing in and around New Memphis, IL ranges from classic farmsteads to newer single-family homes, often offering more land for the price than urban markets. Families appreciate the strong civic ties of Clinton County, Illinois, along with community events, youth sports, and volunteer organizations. If you are researching New Memphis, IL real estate or planning a visit, you will find a peaceful base with quick connections to work, school, and recreation across the Metro East.



FAQ – Home Values in New Memphis

What is the median home value in New Memphis in 2026?

In 2026, the typical home value in New Memphis is about $232,692 for an average home size of 2184 square feet. This corresponds to an average price of roughly $107 per square foot.

What is the average cost per square foot in New Memphis?

In 2026, homes in New Memphis sell for an average of around $107 per square foot, with a typical range between $94 and $94 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 New Memphis is about 2184 square feet, with an estimated 2026 value around $232,692.



Locations close to New Memphis, IL

Oakdale, IL91 $ / ft²
O Fallon, IL99 $ / ft²
Okawville, IL64 $ / ft²
New Baden, IL121 $ / ft²
New Athens, IL197 $ / ft²
Nashville, IL76 $ / ft²
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