West Chicago, IL is a great place to live for those looking for value in their housing. The median value of homes in the city is $307,800, which is significantly lower than the national median at $338,100. Additionally, the 1 year house appreciation rate in West Chicago has been 9.73%, higher than the 8.27% appreciation rate of the entire US housing market. With its relatively low prices and high appreciation rates, West Chicago is an attractive area to invest in real estate.
The median home cost in West Chicago is $307,800. Home appreciation the last 10 years has been 63.3%. Home Appreciation in West Chicago is up 12.6%.
Average Age of Homes
- The median age of West Chicago real estate is 38 years old
The Rental Market in West Chicago
- Renters make up 31.4% of the West Chicago population
- 2.5% of houses and apartments in West Chicago, 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.