In Benton, IL the median value of a house is much lower than the US median at $90,900. Despite this, the city has experienced impressive annual house appreciation of 18.28%, compared to 8.27% nationally. This can be attributed to its strong economy and desirable location near major cities in Illinois such as Chicago and Springfield. The low cost of living makes it an attractive option for those looking to purchase a home, while the potential for high returns incentivizes existing homeowners to stay in the city.
The median home cost in Benton is $90,900. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Benton is up 11.3%.
Average Age of Homes
- The median age of Benton real estate is 57 years old
The Rental Market in Benton
- Renters make up 32.6% of the Benton population
- 0.0% of houses and apartments in Benton, 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.