Belleville, IL is a great place to invest in real estate due to the relatively low median housing value of $129,200 compared to the US median value of $338,100. Furthermore, Belleville has seen strong appreciation in the last year with an increase of 10.25%, which is higher than the national average at 8.27%. This suggests that investing in property in Belleville can yield a good return on investment over time. With its affordability and potential for growth, Belleville is a great option for anyone looking to invest in real estate.
The median home cost in Belleville is $129,200. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Belleville is up 12.4%.
Average Age of Homes
- The median age of Belleville real estate is 59 years old
The Rental Market in Belleville
- Renters make up 32.3% of the Belleville population
- 2.3% of houses and apartments in Belleville, 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.