The housing market in Southern View, IL is an attractive option for potential homeowners. The median value of a house in the area is $105,000, much lower than the US median at $338,100. Furthermore, the 1 year house appreciation in Southern View is 10.41%, higher than the US average of 8.27%. This makes it an appealing destination for anyone looking to purchase a home with good potential for appreciation over time.
The median home cost in Southern View is $105,000. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Southern View is up 13.5%.
Average Age of Homes
- The median age of Southern View real estate is 63 years old
The Rental Market in Southern View
- Renters make up 27.5% of the Southern View population
- 1.9% of houses and apartments in Southern View, 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.