The median home in Shannon, Illinois is valued at $161,057, up 10.2% year over year. Shannon is part of the Rochelle, IL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Rochelle, IL stress score, crash risk, and 12-month forecast →

Home Value$161,057

+10.2%

AFFORDABILITY

Enter your income for Shannon.

Income (annual)

Down Payment

$32,211 on $161,057

Affordable — 20.2% of income

Under the 28% guideline.

PITI$1,264

P/I20.2%

Afford$223K

Room+$62K

P&I $814Tax $299Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Shannon with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Rochelle, IL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Rochelle, IL metro.

View Rochelle, IL metro →

SHANNON, IL