House Prices

House Prices & Home Values Gilman, IL 2026


Average Data

average house price$110,786
average size per house1312 ft²
average price per ft²85 $ / ft²

04/16/2026 - The value range (VR) for house prices in Gilman, IL is $92/ sqft to $92/ sqft. An average home with 1312 sqft costs approximately $120,704 to $120,704. Gilman, IL includes 1 ZIP codes and it is located in Iroquois county. The lowest prices are found in ZIP 60938, while the highest are in ZIP 60938. The average price per sqare feet is $85. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Gilman

6093884 $ / ft²




Historical development of home values in Gilman

Year Estimated value (USD) Change vs. 2025
2010 $51,451 -53.6%
2011 $49,461 -55.4%
2012 $49,328 -55.5%
2013 $51,172 -53.8%
2014 $53,716 -51.5%
2015 $56,473 -49.0%
2016 $59,421 -46.4%
2017 $62,628 -43.5%
2018 $66,090 -40.3%
2019 $69,155 -37.6%
2020 $72,730 -34.4%
2021 $82,722 -25.3%
2022 $96,435 -13.0%
2023 $101,696 -8.2%
2024 $107,579 -2.9%
2025 $110,786 0.0%

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



Example: 100% financing house in Gilman

Loan amount: $110,786

Interest rate: 6.00%

Fixed monthly payment: $664.22

Breakdown in the 1st month:
Interest portion: $553.93  –  Principal portion: $110.29

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,610.15 $1,360.47 $109,425.53
2 $6,526.24 $1,444.38 $107,981.16
3 $6,437.16 $1,533.46 $106,447.70
4 $6,342.57 $1,628.04 $104,819.66
5 $6,242.16 $1,728.46 $103,091.20
6 $6,135.55 $1,835.06 $101,256.14
7 $6,022.37 $1,948.25 $99,307.89
8 $5,902.21 $2,068.41 $97,239.48
9 $5,774.63 $2,195.98 $95,043.50
10 $5,639.19 $2,331.43 $92,712.07
11 $5,495.39 $2,475.23 $90,236.84
12 $5,342.72 $2,627.89 $87,608.95
13 $5,180.64 $2,789.97 $84,818.97
14 $5,008.56 $2,962.05 $81,856.92
15 $4,825.87 $3,144.75 $78,712.17
16 $4,631.91 $3,338.71 $75,373.46
17 $4,425.98 $3,544.63 $71,828.83
18 $4,207.36 $3,763.26 $68,065.57
19 $3,975.25 $3,995.37 $64,070.21
20 $3,728.82 $4,241.79 $59,828.41
21 $3,467.20 $4,503.42 $55,325.00
22 $3,189.44 $4,781.18 $50,543.82
23 $2,894.55 $5,076.07 $45,467.75
24 $2,581.46 $5,389.15 $40,078.59
25 $2,249.07 $5,721.54 $34,357.05
26 $1,896.18 $6,074.44 $28,282.62
27 $1,521.52 $6,449.09 $21,833.52
28 $1,123.76 $6,846.86 $14,986.66
29 $701.46 $7,269.16 $7,717.50
30 $253.11 $7,717.50 $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 Gilman, IL


1500 sqft3900 sqft
Ø selling price$154,275$328,185
Ø fast selling$140,250$295,367
Ø high price sale$168,300$361,004

In 2026, houses in Gilman, IL will be offered at an average price of $85 per square foot. A 1,500 sqft home priced at $154,275 is 20.77% more expensive per square foot than a 3,900 sqft home priced at $328,185. Home prices in Gilman, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $227,206. Sellers who can wait longer may achieve a higher price of up to $277,696.


Gilman, IL Travel and Living Guide

Location and Access

Located in Iroquois County, Gilman, Illinois sits at the crossroads of U.S. Route 24 and Interstate 57 for easy regional travel. The town also enjoys Amtrak service, connecting residents and visitors to Chicago, Champaign, and beyond.

History and Character

Founded as a railroad community, Gilman preserves Midwestern heritage with a welcoming, small-town feel. Tree-lined streets, historic buildings, and friendly local businesses shape a relaxed pace of life.

Things to Do

Explore downtown shops, family-owned eateries, and nearby parks for casual outdoor recreation.
Seasonal events, youth sports, and community festivals bring neighbors together throughout the year.

Economy and Real Estate

Agriculture, logistics, and service industries anchor the local economy while nearby job centers expand opportunity. Affordable real estate in Gilman, IL offers value for first-time buyers and downsizers alike.

Living and Visiting

Local schools, healthcare, and quick highway access make daily life convenient for commuters and families. Whether you are relocating or planning a weekend stop, Gilman, IL delivers small-town charm with big-connectivity advantages.



FAQ – Home Values in Gilman

What is the median home value in Gilman in 2026?

In 2026, the typical home value in Gilman is about $110,786 for an average home size of 1312 square feet. This corresponds to an average price of roughly $85 per square foot.

What is the average cost per square foot in Gilman?

In 2026, homes in Gilman sell for an average of around $85 per square foot, with a typical range between $92 and $92 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 Gilman is about 1312 square feet, with an estimated 2026 value around $110,786.



Locations close to Gilman, IL

Grant Park, IL128 $ / ft²
Herscher, IL120 $ / ft²
Hoopeston, IL33 $ / ft²
Gibson City, IL84 $ / ft²
Essex, IL74 $ / ft²
Emington, IL150 $ / ft²
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