South Beloit, IL offers residents an affordable housing market with a median value of $176,600 compared to the US median of $338,100. Despite being lower than the US median, South Beloit has still seen an appreciation in housing values of 7.18% over the past year; lower than the national 8.27% but still slightly above inflation. This makes South Beloit an excellent option for those looking for a home at a reasonable price, and solid appreciation potential over the long term.
The median home cost in South Beloit is $176,600. Home appreciation the last 10 years has been 50.3%. Home Appreciation in South Beloit is up 14.1%.
Average Age of Homes
- The median age of South Beloit real estate is 27 years old
The Rental Market in South Beloit
- Renters make up 25.2% of the South Beloit population
- 3.9% of houses and apartments in South Beloit, 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.