The housing market in Pekin, IL is relatively strong with the median value of homes at $104,300. This is significantly lower than the US median value of $338,100. However, homeowners can still take comfort in knowing that the one-year house appreciation rate for Pekin is 7.36%, which is slightly less than the US rate of 8.27%. In general, homes in Pekin are a good investment and provide a steady return on investment for homeowners.
The median home cost in Pekin is $104,300. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Pekin is up 7.3%.
Average Age of Homes
- The median age of Pekin real estate is 57 years old
The Rental Market in Pekin
- Renters make up 29.2% of the Pekin population
- 2.1% of houses and apartments in Pekin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.