Galena, IL housing market
The typical Galena home is worth about $309,000, up 1.8% in a year, close to the Illinois typical home.
Home values, sales, trends and how Galena compares with the towns next door — updated as new data is published.
Galena at a glance
Typical home value, 2016–2026
Show as a table
| January | Galena | Illinois |
|---|---|---|
| 2017 | $168,000 | $181,000 |
| 2018 | $170,000 | $190,000 |
| 2019 | $167,000 | $195,000 |
| 2020 | $175,000 | $200,000 |
| 2021 | $187,000 | $215,000 |
| 2022 | $234,000 | $236,000 |
| 2023 | $263,000 | $248,000 |
| 2024 | $280,000 | $263,000 |
| 2025 | $299,000 | $278,000 |
| 2026 | $306,000 | $290,000 |
| August 2026 | $309,000 | $298,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in Galena in 2025: 1 single-family house and 2 in buildings with two or more homes. That's 1 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Galena has permitted 30 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Galena's population fell by 121 even though 26 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $744,000 |
| 2025 | 3 | 1 | 2 | $835,000 |
| 2024 | 6 | 4 | 2 | $1.4 million |
| 2023 | 4 | 4 | 0 | $1.8 million |
| 2022 | 1 | 1 | 0 | $273,000 |
| 2021 | 1 | 1 | 0 | $273,000 |
| 2020 | 3 | 3 | 0 | $1.2 million |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 2 | 2 | 0 | $578,000 |
| 2017 | 1 | 1 | 0 | $200,000 |
| 2016 | 9 | 9 | 0 | $1.4 million |
| 2015 | 8 | 8 | 0 | $1.6 million |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $80,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 2 | 2 | 0 | $550,000 |
| 2010 | 3 | 3 | 0 | $584,000 |
| 2009 | 3 | 3 | 0 | $601,000 |
| 2008 | 4 | 4 | 0 | $979,000 |
| 2007 | 4 | 4 | 0 | $1 million |
| 2006 | 13 | 7 | 6 | $1.5 million |
| 2005 | 10 | 2 | 8 | $881,000 |
| 2004 | 13 | 5 | 8 | $1.3 million |
| 2003 | 7 | 7 | 0 | $944,000 |
| 2002 | 51 | 3 | 48 | $4.4 million |
| 2001 | 12 | 12 | 0 | $1.1 million |
| 2000 | 5 | 5 | 0 | $270,000 |
How Galena ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Galena and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Galena | $309K | +1.8% | $930 | 3 | $58,689 |
| West Galena | — | +13.5%† | $930 | — | $65,679 |
| East Galena | — | +13.5%† | $930 | — | $103,008 |
| Rawlins | — | +13.5%† | $930 | — | $82,537 |
† FHFA price index change, where Zillow has no home value for the town.
5.3 years of income
The typical Galena home costs about 5.3 years of the town's median household income, more than across Illinois (3.6 years).
How Galena ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Galena is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Galena pay a median of $836, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $640 · 4 bedrooms $1,240
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61036; Jo Daviess 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 Galena
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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.