House Prices

House Prices & Home Values Mount Erie, IL 2026


Average Data

average house price$162,809
average size per house1950 ft²
average price per ft²84 $ / ft²

04/22/2026 - The value range (VR) for house prices in Mount Erie, IL is $93/ sqft to $93/ sqft. An average home with 1950 sqft costs approximately $181,350 to $181,350. Mount Erie, IL includes 1 ZIP codes and it is located in Wayne county. The lowest prices are found in ZIP 62446, while the highest are in ZIP 62446. The average price per sqare feet is $84. Our analysis is based on 61 property listings.

Avergage prices by ZIP codes Mount Erie

6244685 $ / ft²




Historical development of home values in Mount Erie

Year Estimated value (USD) Change vs. 2025
2010 $75,611 -53.6%
2011 $72,688 -55.4%
2012 $72,492 -55.5%
2013 $75,201 -53.8%
2014 $78,941 -51.5%
2015 $82,992 -49.0%
2016 $87,323 -46.4%
2017 $92,037 -43.5%
2018 $97,125 -40.3%
2019 $101,628 -37.6%
2020 $106,882 -34.4%
2021 $121,567 -25.3%
2022 $141,720 -13.0%
2023 $149,450 -8.2%
2024 $158,096 -2.9%
2025 $162,809 0.0%

Graph: estimated home values in Mount Erie over time (USD)



Example: 100% financing house in Mount Erie

Loan amount: $162,809

Interest rate: 6.00%

Fixed monthly payment: $976.12

Breakdown in the 1st month:
Interest portion: $814.05  –  Principal portion: $162.08

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,714.15 $1,999.31 $160,809.69
2 $9,590.84 $2,122.63 $158,687.06
3 $9,459.92 $2,253.55 $156,433.51
4 $9,320.93 $2,392.54 $154,040.97
5 $9,173.36 $2,540.11 $151,500.87
6 $9,016.69 $2,696.77 $148,804.09
7 $8,850.36 $2,863.11 $145,940.99
8 $8,673.77 $3,039.70 $142,901.29
9 $8,486.29 $3,227.18 $139,674.11
10 $8,287.24 $3,426.22 $136,247.89
11 $8,075.92 $3,637.54 $132,610.35
12 $7,851.57 $3,861.90 $128,748.45
13 $7,613.37 $4,100.09 $124,648.35
14 $7,360.49 $4,352.98 $120,295.37
15 $7,092.01 $4,621.46 $115,673.91
16 $6,806.96 $4,906.50 $110,767.41
17 $6,504.34 $5,209.12 $105,558.29
18 $6,183.05 $5,530.41 $100,027.87
19 $5,841.95 $5,871.52 $94,156.36
20 $5,479.81 $6,233.66 $87,922.70
21 $5,095.33 $6,618.14 $81,304.56
22 $4,687.14 $7,026.33 $74,278.23
23 $4,253.77 $7,459.70 $66,818.54
24 $3,793.67 $7,919.80 $58,898.74
25 $3,305.20 $8,408.27 $50,490.47
26 $2,786.59 $8,926.87 $41,563.59
27 $2,236.00 $9,477.46 $32,086.13
28 $1,651.45 $10,062.01 $22,024.11
29 $1,030.85 $10,682.62 $11,341.50
30 $371.97 $11,341.50 $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 Mount Erie, IL


1500 sqft3900 sqft
Ø selling price$152,460$324,324
Ø fast selling$138,600$291,892
Ø high price sale$166,320$356,757

In 2026, houses in Mount Erie, IL will be offered at an average price of $84 per square foot. A 1,500 sqft home priced at $152,460 is 21.00% more expensive per square foot than a 3,900 sqft home priced at $324,324. Home prices in Mount Erie, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $224,533. Sellers who can wait longer may achieve a higher price of up to $274,429.

FAQ – Home Values in Mount Erie

What is the median home value in Mount Erie in 2026?

In 2026, the typical home value in Mount Erie is about $162,809 for an average home size of 1950 square feet. This corresponds to an average price of roughly $84 per square foot.

What is the average cost per square foot in Mount Erie?

In 2026, homes in Mount Erie sell for an average of around $84 per square foot, with a typical range between $93 and $93 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 Mount Erie is about 1950 square feet, with an estimated 2026 value around $162,809.



Locations close to Mount Erie, IL

Neoga, IL94 $ / ft²
Newton, IL41 $ / ft²
Oblong, IL85 $ / ft²
Montrose, IL132 $ / ft²
Mode, IL140 $ / ft²
Mason, IL113 $ / ft²
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