Norridge, IL is a great place to invest in real estate. Its housing median value is $325,000, which is lower than the US House median value of $338,100. Furthermore, the one-year house appreciation in Norridge, IL is 8.98%, higher than the national one-year house appreciation rate at 8.27%. This indicates that houses in Norridge are appreciating faster than the national average and making it an attractive option for buyers and investors looking for a good return on their investment.
The median home cost in Norridge is $325,000. Home appreciation the last 10 years has been 64.7%. Home Appreciation in Norridge is up 9.6%.
Average Age of Homes
- The median age of Norridge real estate is 57 years old
The Rental Market in Norridge
- Renters make up 13.7% of the Norridge population
- 0.4% of houses and apartments in Norridge, 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.