The housing market in The Galena Territory, IL is highly desirable. The median value of a house in the area is currently $309,700, which is slightly lower than the US median value of $338,100. However, over the past year, the appreciation rate for houses in this area has been 7.18%, just slightly below the national average of 8.27%. As such, The Galena Territory remains an attractive place to invest in real estate due to its moderate pricing and steady appreciation.
The median home cost in The Galena Territory is $309,700. Home appreciation the last 10 years has been 50.3%. Home Appreciation in The Galena Territory is up 14.1%.
Average Age of Homes
- The median age of The Galena Territory real estate is 24 years old
The Rental Market in The Galena Territory
- Renters make up 0.4% of the The Galena Territory population
- 0.1% of houses and apartments in The Galena Territory, 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.