The housing market in Waukegan, IL is thriving. The median value of a home in the city is $181,800, which is much lower than the national median house value of $338,100. Over the past year, there has been an impressive appreciation rate of 8.83% in Waukegan compared to the national rate of 8.27%. This indicates that now is a great time for potential buyers to invest in Waukegan real estate as values are likely to rise even further in coming years.
The median home cost in Waukegan is $181,800. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Waukegan is up 14.5%.
Average Age of Homes
- The median age of Waukegan real estate is 53 years old
The Rental Market in Waukegan
- Renters make up 44.1% of the Waukegan population
- 2.0% of houses and apartments in Waukegan, 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.