Ottawa, IL is a great place to call home due to its affordable housing prices compared to the national average. According to recent data, the median housing value in Ottawa, IL is $151,000, while the US median house value is $338,100. Although the appreciation rate in Ottawa, IL is slightly lower than the rest of the country at 6.44% compared to 8.27%, this still demonstrates that there are great opportunities for housing investment in Ottawa.
The median home cost in Ottawa is $151,000. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Ottawa is up 8.8%.
Average Age of Homes
- The median age of Ottawa real estate is 57 years old
The Rental Market in Ottawa
- Renters make up 30.8% of the Ottawa population
- 0.9% of houses and apartments in Ottawa, 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.