For Sale
For Rent

Find real estate listings

Find rental listings

Galesburg Housing Information

IndexGalesburgIllinoisNational
Median home price$71,700$174,800$184,700
Median rent asked$590$925$949
Avg. people per household2.12.62.6
Owner occupied households56.0%66.0%63.6%
Renter occupied households44.0%34.0%36.4%
A general summary of the real estate market in Galesburg, IL is listed above. Properties in Galesburg, IL average a cost of $71,700, which is 59% lower than the median home price for real estate located in Illinois. This means that the region of Galesburg, IL is, on average, more affordable when compared to the remainder of Illinois. Since tenants living in Galesburg, IL will pay an average of $590, the median rental cost is 36% lower than in Illinois. 56.0% of people in Galesburg, IL own their own homes, and an average of 2.1 people inhabit each property. Galesburg, IL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Galesburg Home Affordability

When starting your search for real estate in Galesburg, IL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Galesburg, IL costs $71,700 while each household has an average income of $33,601. Consequently, the ratio of home price to household income is 2.1x; this ratio is 28% lower than the average in Illinois. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Galesburg, IL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Galesburg, IL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
North Henderson, IL237$48,30074%
Victoria, IL298$52,50072%
Gilson, IL160$55,00070%
Maquon, IL334$61,40067%
Abingdon, IL3,181$64,10065%
Galesburg, IL31,469$71,70061%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Garfield, NJ31,456$329,90079%
Marrero, LA31,454$127,60031%
Fruit Cove, FL31,419$290,00057%
Mundelein, IL31,550$228,30024%
West Fargo, ND31,557$190,4003%
Galesburg, IL31,469$71,70061%

Source: The Galesburg, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
Are you looking to buy or sell?
What style of home are you
What is your
$100K$250K$500K$750K$1M+
When are you looking to
ASAP1-3 mos.3-6 mos.6-9 mos.1 yr+
Connect with top real estate agents
By submitting this form, you consent to receive text messages, emails, and/or calls (may be recorded; and may be direct, autodialed or use pre-recorded/artificial voices even if on the Do Not Call list) from AreaVibes or our partner real estate professionals and their network of service providers, about your inquiry or the home purchase/rental process. Messaging and/or data rates may apply. Consent is not a requirement or condition to receive real estate services. You hereby further confirm that checking this box creates an electronic signature with the same effect as a handwritten signature.