The housing market in Algonquin, IL is strong, with the median home value at $331,600. This is slightly lower than the US house median value of $338,100, however it has seen a higher appreciation rate over the last year at 9.73%, compared to 8.27% nationally. This indicates that homes in Algonquin are becoming more valuable and sought after. With its proximity to Chicago and other major cities in Illinois, Algonquin is an attractive place for potential homebuyers looking for a suburban lifestyle with urban amenities close by.
The median home cost in Algonquin is $331,600. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Algonquin is up 12.6%.
Average Age of Homes
- The median age of Algonquin real estate is 23 years old
The Rental Market in Algonquin
- Renters make up 11.0% of the Algonquin population
- 1.3% of houses and apartments in Algonquin, 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.