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Featured local agent — Cuba, IL
Sarah Mitchell
Compass Real Estate · Cuba, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cuba, IL Housing Market
The typical home in Cuba, IL is worth $126,749, rose 10.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $45,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 221 days, Cuba is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $126,749 home is about $677/mo in principal and interest.
Key numbers for Cuba, IL
Typical home value
$126,749
+10.5% in 12 months
Zillow, August 2026
Median sale price
$45,000
Last published period
Redfin, through May 2026
Days on market
221
Slow-moving
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$41,250
Home costs 3.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
75.1%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cuba a buyer's or seller's market?
Cuba, IL is a buyer's market, based on 4.0 months of supply and homes selling in about 221 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cuba housing market data show?
Every row below is Redfin's final published month for Cuba, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $45,000 |
| Median list price | $29,500 |
| Median price per sq ft | $40/sq ft |
| Median days on market | 221 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 75.1% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cuba is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cuba is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cuba home prices moved?
Over the last three years the median sale price in Cuba, IL rose 50.0%, from $30,000 to $45,000. The live Zillow value series has rose 10.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 75.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cuba?
Priced off the typical home value of $126,749 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $25,350 | $101,399 | $677/mo |
| 5% | $6,337 | $120,411 | $804/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $677, that implies roughly $28,999 a year before you add taxes and insurance. The median household in Cuba earns $41,250, about $12,251 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.1x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cuba in the next 12 months?
Tell us your timeline. We send the Cuba market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cuba?
Zillow does not publish a rent index (ZORI) for Cuba, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cuba?
Active listings in Cuba, IL went from 2 in January 2024 to 4 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| March 2024 | 2 | 1 |
| April 2024 | 2 | not published |
| June 2024 | 2 | 1 |
| July 2024 | 2 | 1 |
| August 2024 | 2 | 1 |
| September 2024 | 2 | not published |
| November 2024 | 2 | 2 |
| December 2024 | 3 | 1 |
| April 2025 | 1 | 1 |
| November 2025 | 2 | 1 |
| February 2026 | 1 | not published |
| May 2026 | 4 | 1 |
Redfin, through May 2026
How does Cuba compare to Illinois and the U.S.?
Cuba homes sell for $45,000 — 87% below the Illinois median of $337,900. Against the national median of $410,700, Cuba runs 89% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cuba, IL | $45,000 | not published | 221 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cuba
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $127 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $126,749 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cuba listing goes under contract in 221 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 75.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Cuba added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +10.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cuba varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cuba
There are currently 4 homes listed for sale in Cuba, Illinois. The median listing price is $30K.
Active listings
4
Homes on market
Median list price
$30K
Avg. days on market
221
Days until sale
New this week
1
Newly listed
How much do homes cost in Cuba by property type?
How the Cuba, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $45,000 | $40/sq ft | 1 | 221 days |
Who lives in Cuba?
American Community Survey estimates for Cuba. U.S. Census ACS, 2023
Population
979
Households
466
Median income
$41,250/yr
Median age
47.6 years
Owner-occupied
78.1%
Median home value
$61,900
Median gross rent
$881/mo
Mean commute
34.2 min
78.1% of occupied homes in Cuba are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $61,900 against Zillow's $126,749 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Cuba?
3 schools tracked · 396 students
The largest public schools serving Cuba, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cuba Elem School
Grades PK-5 · 193 students
Cuba Sr High School
Grades 9-12 · 123 students
Cuba Middle School
Grades 6-8 · 80 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cuba, IL?
Ordered by distance from Cuba, not by size. Compare Cuba side by side with any of them.
Cuba housing market FAQ
Is Cuba a buyer's or seller's market?
Cuba, IL is currently a buyer's market. That read comes from 4.0 months of supply, homes going under contract in about 221 days, and sellers getting 75.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cuba?
The typical home in Cuba, IL is worth $126,749 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $45,000, about $40 per square foot.
Is Cuba cheaper than the rest of Illinois?
Cuba's median sale price of $45,000 is 87% lower than the Illinois statewide median of $337,900, and 89% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cuba?
Homes in Cuba, IL spent a median of 221 days on market before going under contract, versus 43 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cuba?
At the current 30-year fixed rate of 7.03%, 20% down on a $126,749 home is about $677 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $28,999 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $41,250.
Are home prices rising in Cuba?
The typical home value in Cuba, IL rose 10.5% over the last 12 months, from $114,732 to $126,749 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cuba?
Cuba ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cuba?
That depends on your timeline, not on a headline. What the data says today: Cuba, IL is a buyer's market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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