House Prices

House Prices & Home Values Tallula, IL 2026


Average Data

average house price$124,450
average size per house1578 ft²
average price per ft²79 $ / ft²

04/16/2026 - The value range (VR) for house prices in Tallula, IL is $84/ sqft to $84/ sqft. An average home with 1578 sqft costs approximately $132,552 to $132,552. Tallula, IL includes 1 ZIP codes and it is located in Menard county. The lowest prices are found in ZIP 62688, while the highest are in ZIP 62688. The average price per sqare feet is $79. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Tallula

6268877 $ / ft²




Historical development of home values in Tallula

Year Estimated value (USD) Change vs. 2025
2010 $57,797 -53.6%
2011 $55,562 -55.4%
2012 $55,412 -55.5%
2013 $57,483 -53.8%
2014 $60,342 -51.5%
2015 $63,439 -49.0%
2016 $66,749 -46.4%
2017 $70,352 -43.5%
2018 $74,242 -40.3%
2019 $77,684 -37.6%
2020 $81,700 -34.4%
2021 $92,925 -25.3%
2022 $108,329 -13.0%
2023 $114,238 -8.2%
2024 $120,847 -2.9%
2025 $124,450 0.0%

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



Example: 100% financing house in Tallula

Loan amount: $124,450

Interest rate: 6.00%

Fixed monthly payment: $746.14

Breakdown in the 1st month:
Interest portion: $622.25  –  Principal portion: $123.89

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,425.43 $1,528.26 $122,921.74
2 $7,331.17 $1,622.52 $121,299.22
3 $7,231.09 $1,722.59 $119,576.63
4 $7,124.85 $1,828.84 $117,747.79
5 $7,012.05 $1,941.64 $115,806.15
6 $6,892.29 $2,061.39 $113,744.75
7 $6,765.15 $2,188.54 $111,556.22
8 $6,630.17 $2,323.52 $109,232.69
9 $6,486.86 $2,466.83 $106,765.86
10 $6,334.71 $2,618.98 $104,146.88
11 $6,173.18 $2,780.51 $101,366.37
12 $6,001.68 $2,952.01 $98,414.36
13 $5,819.61 $3,134.08 $95,280.28
14 $5,626.30 $3,327.38 $91,952.90
15 $5,421.08 $3,532.61 $88,420.29
16 $5,203.19 $3,750.49 $84,669.79
17 $4,971.87 $3,981.82 $80,687.98
18 $4,726.28 $4,227.41 $76,460.57
19 $4,465.54 $4,488.14 $71,972.43
20 $4,188.73 $4,764.96 $67,207.46
21 $3,894.83 $5,058.85 $62,148.61
22 $3,582.81 $5,370.87 $56,777.73
23 $3,251.55 $5,702.14 $51,075.60
24 $2,899.85 $6,053.83 $45,021.76
25 $2,526.47 $6,427.22 $38,594.54
26 $2,130.05 $6,823.64 $31,770.91
27 $1,709.18 $7,244.50 $24,526.40
28 $1,262.36 $7,691.33 $16,835.07
29 $787.97 $8,165.71 $8,669.36
30 $284.33 $8,669.36 $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 Tallula, IL


1500 sqft3900 sqft
Ø selling price$143,386$305,019
Ø fast selling$130,351$274,518
Ø high price sale$156,420$335,521

In 2026, houses in Tallula, IL will be offered at an average price of $79 per square foot. A 1,500 sqft home priced at $143,386 is 20.82% more expensive per square foot than a 3,900 sqft home priced at $305,019. Home prices in Tallula, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $211,168. Sellers who can wait longer may achieve a higher price of up to $258,094.


Discover Tallula, IL

Overview

Tallula, IL is a welcoming village in Menard County known for its friendly community and rural charm. Located a short drive west of Springfield, Tallula offers convenient access to city amenities while preserving a peaceful pace of life.
The village traces its roots to the mid-19th century and retains historic character in its streets and surrounding farmland. Visitors appreciate the open skies, quiet neighborhoods, and classic Midwest scenery.

Lifestyle and Recreation

Outdoor enthusiasts find nearby recreation at parks, rivers, and nature areas ideal for hiking, birding, and scenic drives. Local events and school activities bring residents together, fostering a close-knit atmosphere that supports small businesses and civic pride.
Agriculture remains an important part of the economy, with family farms contributing to the region?s fresh produce and seasonal traditions.

Getting Around and Nearby Attractions

Homebuyers value Tallula?s affordable housing, low traffic, and easy commutes along Illinois state highways and regional roads. For travelers, Tallula serves as a relaxed base to explore New Salem State Historic Site, Lincoln heritage attractions, and the broader Central Illinois landscape.
Whether you are planning a move or a weekend visit, Tallula, Illinois delivers authentic small-town living with welcoming hospitality and room to breathe.



FAQ – Home Values in Tallula

What is the median home value in Tallula in 2026?

In 2026, the typical home value in Tallula is about $124,450 for an average home size of 1578 square feet. This corresponds to an average price of roughly $79 per square foot.

What is the average cost per square foot in Tallula?

In 2026, homes in Tallula sell for an average of around $79 per square foot, with a typical range between $84 and $84 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 Tallula is about 1578 square feet, with an estimated 2026 value around $124,450.



Locations close to Tallula, IL

Thayer, IL128 $ / ft²
Virden, IL49 $ / ft²
Virginia, IL105 $ / ft²
Shipman, IL85 $ / ft²
Sherman, IL96 $ / ft²
San Jose, IL84 $ / ft²
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