The housing market in Alsip, IL is a thriving one. The median value of homes in Alsip is $232,500 which is lower than the US House Median Value of $338,100. Despite this difference, the housing market in Alsip continues to appreciate year over year at a rate of 5.17%, which is slightly lower than the US 1 year House Appreciation rate of 8.27%. This makes it a great place for those looking to invest in a home or wanting to purchase one for their own living purposes.
The median home cost in Alsip is $232,500. Home appreciation the last 10 years has been 77.3%. Home Appreciation in Alsip is up 14.3%.
Average Age of Homes
- The median age of Alsip real estate is 43 years old
The Rental Market in Alsip
- Renters make up 35.0% of the Alsip population
- 0.5% of houses and apartments in Alsip, 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.