The housing market in Monmouth, IL is quite healthy with the median value at $85,800. This is significantly lower than the US house median value of $338,100. However, the 1 year appreciation rate of 7.76% for Monmouth, IL is only slightly lower than the 1 year US appreciation rate of 8.27%. This indicates that housing in Monmouth, IL has been consistently increasing in value and should remain a lucrative investment opportunity for buyers in the near future.
The median home cost in Monmouth is $85,800. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Monmouth is up 8.9%.
Average Age of Homes
- The median age of Monmouth real estate is 70 years old
The Rental Market in Monmouth
- Renters make up 33.3% of the Monmouth population
- 4.4% of houses and apartments in Monmouth, 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.