House Prices

House Prices & Home Values Lerna, IL 2026


Average Data

average house price$160,487
average size per house2163 ft²
average price per ft²75 $ / ft²

04/23/2026 - The value range (VR) for house prices in Lerna, IL is $88/ sqft to $88/ sqft. An average home with 2163 sqft costs approximately $190,344 to $190,344. Lerna, IL includes 1 ZIP codes and it is located in Coles county. The lowest prices are found in ZIP 62440, while the highest are in ZIP 62440. The average price per sqare feet is $75. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Lerna

6244095 $ / ft²




Historical development of home values in Lerna

Year Estimated value (USD) Change vs. 2025
2010 $74,533 -53.6%
2011 $71,651 -55.4%
2012 $71,458 -55.5%
2013 $74,129 -53.8%
2014 $77,815 -51.5%
2015 $81,809 -49.0%
2016 $86,078 -46.4%
2017 $90,724 -43.5%
2018 $95,740 -40.3%
2019 $100,179 -37.6%
2020 $105,358 -34.4%
2021 $119,833 -25.3%
2022 $139,698 -13.0%
2023 $147,318 -8.2%
2024 $155,841 -2.9%
2025 $160,487 0.0%

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



Example: 100% financing house in Lerna

Loan amount: $160,487

Interest rate: 6.00%

Fixed monthly payment: $962.20

Breakdown in the 1st month:
Interest portion: $802.44  –  Principal portion: $159.77

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,575.61 $1,970.80 $158,516.20
2 $9,454.05 $2,092.35 $156,423.85
3 $9,325.00 $2,221.41 $154,202.44
4 $9,187.99 $2,358.42 $151,844.02
5 $9,042.53 $2,503.88 $149,340.15
6 $8,888.10 $2,658.31 $146,681.83
7 $8,724.14 $2,822.27 $143,859.56
8 $8,550.06 $2,996.34 $140,863.22
9 $8,365.26 $3,181.15 $137,682.07
10 $8,169.05 $3,377.36 $134,304.71
11 $7,960.74 $3,585.67 $130,719.04
12 $7,739.59 $3,806.82 $126,912.22
13 $7,504.79 $4,041.62 $122,870.60
14 $7,255.51 $4,290.90 $118,579.71
15 $6,990.86 $4,555.55 $114,024.16
16 $6,709.88 $4,836.53 $109,187.63
17 $6,411.58 $5,134.83 $104,052.80
18 $6,094.87 $5,451.54 $98,601.26
19 $5,758.63 $5,787.78 $92,813.49
20 $5,401.65 $6,144.75 $86,668.74
21 $5,022.66 $6,523.75 $80,144.99
22 $4,620.29 $6,926.12 $73,218.87
23 $4,193.10 $7,353.31 $65,865.56
24 $3,739.57 $7,806.84 $58,058.72
25 $3,258.06 $8,288.35 $49,770.37
26 $2,746.85 $8,799.56 $40,970.81
27 $2,204.11 $9,342.30 $31,628.51
28 $1,627.90 $9,918.51 $21,710.00
29 $1,016.15 $10,530.26 $11,179.74
30 $366.66 $11,179.74 $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 Lerna, IL


1500 sqft3900 sqft
Ø selling price$136,126$289,575
Ø fast selling$123,751$260,618
Ø high price sale$148,500$318,533

In 2026, houses in Lerna, IL will be offered at an average price of $75 per square foot. A 1,500 sqft home priced at $136,126 is 24.79% more expensive per square foot than a 3,900 sqft home priced at $289,575. Home prices in Lerna, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $200,476. Sellers who can wait longer may achieve a higher price of up to $245,026.


Discover Lerna, IL

Lerna, IL is a small village in Coles County that offers quiet rural charm in east-central Illinois. Known for friendly neighborhoods and open countryside, Lerna appeals to visitors seeking an authentic small-town experience.

History and Heritage

Near the village, the Lincoln Log Cabin State Historic Site preserves the 1840s homestead of Abraham Lincoln?s parents, anchoring the area?s rich heritage. Top things to do in Lerna, IL include touring this living-history site and exploring regional museums that tell the story of the prairie.

Outdoor Activities and Attractions

Scenic back roads, prairie landscapes, and nearby parks invite walking, cycling, birding, and photography throughout the seasons. Families also enjoy easy access to cultural events, dining, and university programming in Charleston and Mattoon.

Living in Lerna

Housing in Lerna, IL ranges from modest single-family homes to rural properties, offering value for buyers seeking space and a slower pace. Local businesses support daily needs, while larger retail, healthcare, and education options are minutes away across Coles County.

Travel and Access

Centrally located near regional highways, the village offers straightforward drives to Charleston, Mattoon, and area employers.
Visitors can arrive via nearby roads and Amtrak service in Mattoon, making Lerna an accessible base for exploring the heart of east-central Illinois.



FAQ – Home Values in Lerna

What is the median home value in Lerna in 2026?

In 2026, the typical home value in Lerna is about $160,487 for an average home size of 2163 square feet. This corresponds to an average price of roughly $75 per square foot.

What is the average cost per square foot in Lerna?

In 2026, homes in Lerna sell for an average of around $75 per square foot, with a typical range between $88 and $88 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 Lerna is about 2163 square feet, with an estimated 2026 value around $160,487.



Locations close to Lerna, IL

Marshall, IL70 $ / ft²
Martinsville, IL78 $ / ft²
Mason, IL113 $ / ft²
Lawrenceville, IL61 $ / ft²
Lakewood, IL45 $ / ft²
Jewett, IL178 $ / ft²
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