Charleston, IL home prices
Typical home $150,737 · +6.2% in a year · income needed $48,500
The Charleston, IL metro area ranks 805 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.2% in a year and +25.5% over five years. With 20% down at 7.11%, the typical home costs about $1,131 a month including 1.94% property tax (Coles County rate).
Mortgage on the typical Charleston home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,147 | $120,589 | $811 | $0 | $319 | $1,131 | $48,500 |
| 10% down | $15,074 | $135,663 | $913 | $57 | $319 | $1,288 | $55,200 |
| 5% down | $7,537 | $143,200 | $963 | $60 | $319 | $1,342 | $57,500 |
| 3.5% down (FHA) | $5,276 | $148,006 | $996 | $67 | $319 | $1,382 | $59,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.94% 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 Charleston area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Coles County, IL | $145,077 | +5.4% | 1.94% |
| Cumberland County, IL | $171,136 | +9.2% | 1.59% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Charleston?
The typical home in the Charleston, IL metro area is worth $150,737 (Zillow, September 2026).
What salary do you need to buy a house in Charleston?
About $48,500 a year for the typical home with 20% down at 7.11%.