The housing market in Galena, IN is strong. The median house value in Galena is $248,900, which is lower than the US median of $338,100. However, the 1 year house appreciation rate is higher than the US average at 13.41%. This suggests that Galena's housing market has a strong chance of continuing to appreciate in value over time. With its lower costs and higher potential for growth, buying a home in Galena could be a smart investment.
The median home cost in Galena is $248,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Galena is up 15.2%.
Average Age of Homes
- The median age of Galena real estate is 38 years old
The Rental Market in Galena
- Renters make up 14.7% of the Galena population
- 0.0% of houses and apartments in Galena, 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.