The housing market in Assumption, IL is quite affordable compared to the national average. The median value of a house in Assumption, IL is approximately $91,900 while the US median value is nearly three times higher at $338,100. In terms of appreciation over the past year, houses in Assumption have appreciated by 10.25%, slightly higher than the US average of 8.27%. This indicates that despite its low cost of living, housing in Assumption has gained significant value and is becoming increasingly attractive for potential homebuyers.
The median home cost in Assumption is $91,900. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Assumption is up 11.6%.
Average Age of Homes
- The median age of Assumption real estate is 65 years old
The Rental Market in Assumption
- Renters make up 25.4% of the Assumption population
- 0.0% of houses and apartments in Assumption, 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.