Centralia, IL home prices
Typical home $124,586 · +6.9% in a year · income needed $39,000
The Centralia, IL metro area ranks 858 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.9% in a year and +19.4% over five years. With 20% down at 7.11%, the typical home costs about $910 a month including 1.71% property tax (Marion County rate).
Mortgage on the typical Centralia home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $24,917 | $99,669 | $670 | $0 | $240 | $910 | $39,000 |
| 10% down | $12,459 | $112,128 | $754 | $47 | $240 | $1,041 | $44,600 |
| 5% down | $6,229 | $118,357 | $796 | $49 | $240 | $1,085 | $46,500 |
| 3.5% down (FHA) | $4,361 | $122,330 | $823 | $55 | $240 | $1,118 | $47,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Centralia area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Marion County, IL | $124,595 | +6.9% | 1.71% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Centralia?
The typical home in the Centralia, IL metro area is worth $124,586 (Zillow, September 2026).
What salary do you need to buy a house in Centralia?
About $39,000 a year for the typical home with 20% down at 7.11%.