A typical Gillespie home is worth about $101,000
Down 10.3% in a year, 66% below the Illinois typical home.
What kind of housing town is Gillespie?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.3 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Gillespie home, with $190K to spare.
A two-bedroom rents for about $940 a month here, $280 more than owning.
How Gillespie ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Gillespie’s typical property tax (1.50% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Up 1.7% in five years
Slower than Illinois (29.1%).
Show as a table
| January | Gillespie | Illinois |
|---|---|---|
| 2017 | $78,000 | $181,000 |
| 2018 | $81,000 | $190,000 |
| 2019 | $78,000 | $195,000 |
| 2020 | $91,000 | $200,000 |
| 2021 | $100,000 | $215,000 |
| 2022 | $100,000 | $236,000 |
| 2023 | $108,000 | $248,000 |
| 2024 | $106,000 | $263,000 |
| 2025 | $114,000 | $278,000 |
| 2026 | $109,000 | $290,000 |
| August 2026 | $101,000 | $298,000 |
A typical Gillespie home worth $78K in September 2016 is worth about $101K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A two-bedroom rents for about $940
Renters already here pay a median of $772, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Macoupin County, IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
73% of Gillespie households own their home
Half of Gillespie’s homes were built before 1954.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Gillespie vs. its neighbors
Gillespie is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gillespie | $101K | −10.3% | $940 | — | $80,833 |
| Dorchester | $212K* | +14.8%† | $1,010 | — | $68,690 |
| Cahokia | $97K* | +2.3%† | $920 | — | $57,132 |
| Brushy Mound | — | +4.7%† | $930 | — | — |
| Benld | $68K | −13.5% | $920 | 1 | $47,850 |
| Mount Clare | — | −2.3%† | $920 | — | $66,875 |
| Dorchester | — | −2.3%† | $920 | 0 | $127,500 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Gillespie
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Gillespie buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.