Nebo, IL housing market
The typical Nebo home is worth about $148,000, up 8.9% in a year, 50% below the Illinois typical home.
Home values, sales, trends and how Nebo compares with the towns next door — updated as new data is published.
Nebo at a glance
Typical home value, 2023–2026
Show as a table
| January | Nebo | Illinois |
|---|---|---|
| 2024 | $123,000 | $263,000 |
| 2025 | $131,000 | $278,000 |
| 2026 | $142,000 | $290,000 |
| August 2026 | $148,000 | $298,000 |
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 $1,260
HUD's Fair Market Rent for a two-bedroom in Nebo is $1,260 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Nebo pay a median of $950, so moving in tends to cost more than staying put.
Studio $910 · 4 bedrooms $1,880
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62355; 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.
Recent listings in Nebo
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.