Prairie Grove, IL housing market
Homes typically sell in 48 days, close to asking.
Home values, sales, trends and how Prairie Grove compares with the towns next door — updated as new data is published.
Prairie Grove at a glance
A seller's market
Supply is tight — about 2.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 49% in 5 years
The federal house price index for the ZIP codes around Prairie Grove rose 49% over the past 5 years, about the same as across Illinois. Last year prices rose 2.8%. Carrying the Census median home value forward with that index puts the typical Prairie Grove home at roughly $733,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +2.7% | +76% | +96% |
| 2024 | +4.7% | +71% | +85% |
| 2023 | +15% | +63% | +73% |
| 2022 | +10% | +43% | +61% |
| 2021 | +9.3% | +29% | +44% |
| 2020 | +1.3% | +18% | +33% |
| 2019 | +4.2% | +17% | +32% |
| 2018 | +3.2% | +12% | +28% |
| 2017 | +3.6% | +8.8% | +25% |
| 2016 | +1.9% | +5% | +22% |
| 2015 | +1.6% | +3.1% | +19% |
| 2014 | +6.8% | +1.5% | +15% |
| 2013 | −0.1% | −5% | +11% |
| 2012 | −7.4% | −4.9% | +11% |
| 2011 | −6.1% | +2.6% | +14% |
| 2010 | −9.5% | +9.4% | +21% |
| 2009 | −9.9% | +21% | +29% |
| 2008 | −3.8% | +34% | +40% |
| 2007 | +0.9% | +39% | +45% |
| 2006 | +4.1% | +38% | +43% |
| 2005 | +8.2% | +33% | +35% |
| 2004 | +7.4% | +23% | +24% |
| 2003 | +3.9% | +14% | +15% |
| 2002 | +4.1% | +9.9% | +11% |
| 2001 | +5.6% | +5.6% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 60012, 60050, 60014, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
4 new homes permitted in 2025
Builders were permitted 4 new homes in Prairie Grove in 2025, all single-family houses, worth about $1.5 million to build. That's 1.8 per 1,000 residents, about the pace of Illinois as a whole. Over the past 10 years, Prairie Grove has permitted 15 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Prairie Grove gained 59 residents while 8 new homes were permitted: about 7.4 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply.
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) | 2 | 2 | 0 | $734,000 |
| 2025 | 4 | 4 | 0 | $1.5 million |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 2 | 2 | 0 | $800,000 |
| 2022 | 1 | 1 | 0 | $312,000 |
| 2021 | 3 | 3 | 0 | $855,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $271,000 |
| 2018 | 2 | 2 | 0 | $674,000 |
| 2017 | 1 | 1 | 0 | $259,000 |
| 2016 | 1 | 1 | 0 | $588,000 |
| 2015 | 1 | 1 | 0 | $375,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $220,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $475,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 8 | 8 | 0 | $1.6 million |
| 2007 | 9 | 9 | 0 | $1.7 million |
| 2006 | 19 | 19 | 0 | $3.5 million |
| 2005 | 21 | 18 | 3 | $3.3 million |
| 2004 | 62 | 26 | 36 | $7.2 million |
| 2003 | 54 | 26 | 28 | $6.4 million |
| 2002 | 72 | 48 | 24 | $9.2 million |
| 2001 | 49 | 49 | 0 | $10 million |
| 2000 | 42 | 42 | 0 | $9.8 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Prairie Grove and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Prairie Grove | — | +2.8%† | $1,960 | 4 | $141,389 |
| Crystal Lake | $385K | +4.4% | $1,840 | 152 | $108,418 |
| McHenry | — | +5.8%† | $1,910 | 242 | $86,315 |
† FHFA price index change, where Zillow has no home value for the town.
3.3 years of income
The typical Prairie Grove home costs about 3.3 years of the town's median household income, about the same as across Illinois (3.6).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,960
HUD's Fair Market Rent for a two-bedroom in Prairie Grove is $1,960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Prairie Grove pay a median of $1,917. A two-bedroom takes about 17% of the town's median household income.
Studio $1,620 · 4 bedrooms $2,940
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (60012, 60014, 60050; Chicago-Joliet-Naperville, 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.