The housing market in Arcola, IL is a strong one, with the median value of homes at $138,600. This is significantly lower than the national median value of $338,100 and shows that Arcola is a great place to invest in real estate. Additionally, the 1 year house appreciation rate for Arcola is 18.98%, which far surpasses the US 1 year House Appreciation rate of 8.27%. These figures demonstrate that home values in Arcola are on the rise and continue to be a great investment for buyers looking to purchase property.
The median home cost in Arcola is $138,600. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Arcola is up 13.5%.
Average Age of Homes
- The median age of Arcola real estate is 52 years old
The Rental Market in Arcola
- Renters make up 25.3% of the Arcola population
- 3.7% of houses and apartments in Arcola, 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.