Albion, IL housing market
The typical Albion home is worth about $129,000, up 6.1% in a year, 57% below the Illinois typical home.
Home values, sales, trends and how Albion compares with the towns next door — updated as new data is published.
Albion at a glance
Typical home value, 2016–2026
Show as a table
| January | Albion | Illinois |
|---|---|---|
| 2017 | $116,000 | $181,000 |
| 2018 | $123,000 | $190,000 |
| 2019 | $123,000 | $195,000 |
| 2020 | $124,000 | $200,000 |
| 2021 | $137,000 | $215,000 |
| 2022 | $131,000 | $236,000 |
| 2023 | $129,000 | $248,000 |
| 2024 | $124,000 | $263,000 |
| 2025 | $119,000 | $278,000 |
| 2026 | $134,000 | $290,000 |
| August 2026 | $129,000 | $298,000 |
2.3 years of income
The typical Albion home costs about 2.3 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Albion is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Albion pay a median of $837, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $650 · 4 bedrooms $1,240
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62806; Edwards County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Albion
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.