The housing market in Wheeling, IL is thriving. The median value for homes in the area is $240,600, which is significantly lower than the national average of $338,100. Despite this relatively low median value, home values have appreciated by 8.83% in the past year, just slightly higher than the national average of 8.27%. This shows that Wheeling's housing market is strong and resilient in times of economic uncertainty.
The median home cost in Wheeling is $240,600. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Wheeling is up 14.5%.
Average Age of Homes
- The median age of Wheeling real estate is 40 years old
The Rental Market in Wheeling
- Renters make up 34.1% of the Wheeling population
- 1.8% of houses and apartments in Wheeling, 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.