The housing market in Chicago Heights, IL is vibrant and growing. The median value of a house in the area is currently $163,000, which is significantly lower than the US median of $338,100. Despite this difference, homes in the area are still appreciating at a rate of 9.35% over the past year – higher than the national average of 8.27%. This suggests that buyers looking for a good value may find great opportunities in Chicago Heights.
The median home cost in Chicago Heights is $163,000. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago Heights is up 13.7%.
Average Age of Homes
- The median age of Chicago Heights real estate is 59 years old
The Rental Market in Chicago Heights
- Renters make up 34.7% of the Chicago Heights population
- 1.8% of houses and apartments in Chicago Heights, 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.