Mills, IL housing market
Home prices around Mills have risen about 54% over the past 5 years.
Home values, sales, trends and how Mills compares with the towns next door — updated as new data is published.
Home prices up 54% in 5 years
The federal house price index for the ZIP codes around Mills rose 54% over the past 5 years, faster than across Illinois (47%). Last year prices rose 6.3%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +6.3% | +115% | +96% |
| 2024 | +5.8% | +102% | +85% |
| 2023 | +29% | +91% | +73% |
| 2022 | +0.7% | +49% | +61% |
| 2021 | +5.8% | +48% | +44% |
| 2020 | +3.6% | +40% | +33% |
| 2019 | +4.5% | +35% | +32% |
| 2018 | −0.7% | +29% | +28% |
| 2017 | +1.6% | +30% | +25% |
| 2016 | +2.1% | +28% | +22% |
| 2015 | −2.4% | +25% | +19% |
| 2014 | +3.2% | +28% | +15% |
| 2013 | −2.5% | +24% | +11% |
| 2012 | +0.8% | +27% | +11% |
| 2011 | −1.3% | +26% | +14% |
| 2010 | +0.5% | +28% | +21% |
| 2009 | −2% | +27% | +29% |
| 2008 | −1.3% | +30% | +40% |
| 2007 | +4.7% | +32% | +45% |
| 2006 | +1.8% | +26% | +43% |
| 2005 | +8.5% | +24% | +35% |
| 2004 | +5.7% | +14% | +24% |
| 2003 | +1.7% | +7.8% | +15% |
| 2002 | +2.4% | +6% | +11% |
| 2001 | +3.6% | +3.6% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 62246, 62275, covering 67% of Mills’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.
Mills and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| Mills | +6.3%† | $1,040 | — |
| Wheatfield | +4.9%† | $1,160 | $112,813 |
| Central | +6.3%† | $990 | $65,676 |
† 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 $1,040
HUD's Fair Market Rent for a two-bedroom in Mills is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $780 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62246, 62275; 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.