The housing market in Bismarck, IL is strong and growing. The median value of a house in Bismarck is $126,000, significantly lower than the US median of $338,100. Despite the lower cost of entry, the 1 year appreciation rate for houses in Bismarck is 8.72%, higher than the US average rate of 8.27%. This means that buyers can purchase a home at an affordable price but still receive a return on their investment due to the quick increase in property values over time.
The median home cost in Bismarck is $126,000. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Bismarck is up 14.5%.
Average Age of Homes
- The median age of Bismarck real estate is 70 years old
The Rental Market in Bismarck
- Renters make up 21.0% of the Bismarck population
- 0.0% of houses and apartments in Bismarck, 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.