Belvidere, IL is a city in the state of Illinois with a median housing value of $191,100. This is significantly lower than the US House Median Value of $338,100. In terms of appreciation, the US house 1 year appreciation rate is 8.27%, while Belvidere’s rate is 7.18%. This indicates that Belvidere may be more affordable than other places in the United States but possibly not as desirable to live in due to its slower rate of appreciation. Regardless, Belvidere offers potential homeowners a great housing opportunity to get into the real estate market at an affordable rate.
The median home cost in Belvidere is $191,100. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Belvidere is up 14.1%.
Average Age of Homes
- The median age of Belvidere real estate is 42 years old
The Rental Market in Belvidere
- Renters make up 23.4% of the Belvidere population
- 1.7% of houses and apartments in Belvidere, 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.