Grand Prairie, IL housing market
Home prices around Grand Prairie have risen about 57% over the past 5 years.
Home values, sales, trends and how Grand Prairie compares with the towns next door — updated as new data is published.
Home prices up 57% in 5 years
The federal house price index for the ZIP codes around Grand Prairie rose 57% over the past 5 years, faster than across Illinois (47%). Last year prices rose 2.6%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +2.6% | +128% | +96% |
| 2024 | +2.6% | +122% | +85% |
| 2023 | +20% | +117% | +73% |
| 2022 | +17% | +80% | +61% |
| 2021 | +5.4% | +53% | +44% |
| 2020 | +0.8% | +45% | +33% |
| 2019 | +7.5% | +44% | +32% |
| 2018 | +1% | +34% | +28% |
| 2017 | −1.4% | +33% | +25% |
| 2016 | +0.6% | +35% | +22% |
| 2015 | +6.8% | +34% | +19% |
| 2014 | −2.6% | +25% | +15% |
| 2013 | −0.4% | +29% | +11% |
| 2012 | +0.6% | +29% | +11% |
| 2011 | +0.1% | +28% | +14% |
| 2010 | −3.3% | +28% | +21% |
| 2009 | −1.1% | +33% | +29% |
| 2008 | +2% | +34% | +40% |
| 2007 | +6.5% | +31% | +45% |
| 2006 | +1.8% | +23% | +43% |
| 2005 | +7% | +21% | +35% |
| 2004 | +1.1% | +13% | +24% |
| 2003 | +2.9% | +12% | +15% |
| 2002 | +1.1% | +8.9% | +11% |
| 2001 | +7.8% | +7.8% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 62801, 62898, 62893, 62830, covering 76% of Grand Prairie’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Grand Prairie and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Grand Prairie | +2.6%† | $1,010 | $85,893 |
| Rome | — | $970 | $61,964 |
| Centralia | −0.2%† | $990 | $51,444 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Grand Prairie is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Grand Prairie pay a median of $914, so moving in tends to cost more than staying put.
Studio $770 · 4 bedrooms $1,480
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62801, 62830, 62893, 62898; St. Louis, MO-IL HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.