Villa Grove, IL housing market
The typical Villa Grove home is worth about $138,000, up 5.3% in a year, 54% below the Illinois typical home.
Home values, sales, trends and how Villa Grove compares with the towns next door — updated as new data is published.
Villa Grove at a glance
Typical home value, 2016–2026
Show as a table
| January | Villa Grove | Illinois |
|---|---|---|
| 2017 | $72,000 | $181,000 |
| 2018 | $75,000 | $190,000 |
| 2019 | $76,000 | $195,000 |
| 2020 | $82,000 | $200,000 |
| 2021 | $89,000 | $215,000 |
| 2022 | $99,000 | $236,000 |
| 2023 | $105,000 | $248,000 |
| 2024 | $112,000 | $263,000 |
| 2025 | $127,000 | $278,000 |
| 2026 | $136,000 | $290,000 |
| August 2026 | $138,000 | $298,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Villa Grove in 2025. That's 0.4 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Villa Grove has permitted 8 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Villa Grove's population fell by 65 even though 5 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
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) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $200,000 |
| 2024 | 2 | 2 | 0 | $2.3 million |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $150,000 |
| 2021 | 1 | 1 | 0 | $150,000 |
| 2020 | 1 | 1 | 0 | $150,000 |
| 2019 | 1 | 1 | 0 | $150,000 |
| 2018 | 1 | 1 | 0 | $150,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $120,000 |
| 2010 | 2 | 2 | 0 | $273,000 |
| 2009 | 5 | 5 | 0 | $500,000 |
| 2008 | 2 | 2 | 0 | $250,000 |
| 2007 | 5 | 5 | 0 | $963,000 |
| 2006 | 7 | 7 | 0 | $458,000 |
| 2005 | 7 | 7 | 0 | $1 million |
| 2004 | 8 | 8 | 0 | $1.4 million |
| 2003 | 9 | 9 | 0 | $1 million |
| 2002 | 4 | 4 | 0 | $530,000 |
| 2001 | 3 | 3 | 0 | $370,000 |
| 2000 | 1 | 1 | 0 | $60,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2 years of income
The typical Villa Grove home costs about 2 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Villa Grove is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Villa Grove pay a median of $878, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $820 · 4 bedrooms $1,290
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61956; Champaign-Urbana, 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.