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Housing in Varna

A typical Varna home is worth about $206,000

Up 7.5% in a year, 31% below the Illinois typical home.

Typical home value
$206K
▲ 7.5% in a year · IL $298K
Zillow
2-bedroom rent
$920
a month, utilities in · HUD
Median tax bill
$1,739
IL $5,298

What kind of housing town is Varna?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Price trend

Up 43.7% in five years

Faster than Illinois (29.1%).

VarnaIllinois
$100K$150K$200K$250K$300K20182020202220242026
Show as a table
JanuaryVarnaIllinois
2017$120,000$181,000
2018$120,000$190,000
2019$120,000$195,000
2020$120,000$200,000
2021$129,000$215,000
2022$152,000$236,000
2023$172,000$248,000
2024$178,000$263,000
2025$186,000$278,000
2026$199,000$290,000
August 2026$206,000$298,000
Then & now

A typical Varna home worth $120K in September 2016 is worth about $206K today.

+$87K
+7.5%
past year
+43.7%
past 5 years
+72.4%
since 2016

Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.

Affordability

What it takes to buy in Varna

Try your own numbers below.

You could afford about
$280,000
Typical Varna home $206K

That covers a typical Varna home, with $74K to spare.

The typical home, each month
$1,430
Loan $1,020Tax $350Insurance $60

A two-bedroom rents for about $920 a month here, $510 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

84% of Varna households own their home

Half of Varna’s homes were built before 1943.

Owners and renters
Own 84%Rent 16%

Illinois: 67% own.

1943
typical home built · IL 1971
$1,739
median property tax bill · IL $5,298
4%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $920

Renters already here pay a median of $833, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$670
1 bedroom$720
2 bedrooms$920
3 bedrooms$1,190
4 bedrooms$1,280
16%
of households rent · IL 33%
22
renter households
$833
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Peoria, IL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

On the market in Varna

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Varna buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Varna still affordable for young families?

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Start the conversation

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.

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