The housing market in Naperville, IL is a desirable place to invest in real estate. The median value of housing in the city is $493,300, which is much higher than the national median value of $338,100. The 1-year house appreciation rate for Naperville has been 9.58%, which is 1.31% higher than the national average of 8.27%. This makes buying real estate in Naperville an attractive option for those looking to grow their investment over time.
The median home cost in Naperville is $493,300. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Naperville is up 14.1%.
Average Age of Homes
- The median age of Naperville real estate is 29 years old
The Rental Market in Naperville
- Renters make up 23.0% of the Naperville population
- 1.4% of houses and apartments in Naperville, 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.