Housing in Bellwood, IL is much more affordable than the national average, as the median value of a house is $211,100 compared to $338,100 nationally. While the US housing market has seen an 8.27% appreciation in the last year, Bellwood's housing market saw an even bigger jump of 9.73%. This indicates that the area is becoming increasingly desirable and attractive for potential buyers who are looking for an affordable option close to Chicago.
The median home cost in Bellwood is $211,100. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Bellwood is up 12.6%.
Average Age of Homes
- The median age of Bellwood real estate is 62 years old
The Rental Market in Bellwood
- Renters make up 23.6% of the Bellwood population
- 1.1% of houses and apartments in Bellwood, 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.