The housing market in Chatham, IL is quite strong. The median value of a house in this area is $238,700, which is lower than the national median value of $338,100. Although the appreciation rate of houses in Chatham, IL over the last year was 6.40%, which is slightly lower than the US average of 8.27%, it still indicates a healthy housing market worth investing in.
The median home cost in Chatham is $238,700. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Chatham is up 11.6%.
Average Age of Homes
- The median age of Chatham real estate is 25 years old
The Rental Market in Chatham
- Renters make up 16.5% of the Chatham population
- 2.3% of houses and apartments in Chatham, 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.