Blue Island, IL is a great place to consider for those looking for an affordable housing market. The median value of housing in Blue Island is currently $175,000, which is significantly lower than the median value of homes across the U.S., which stands at $338,100. In addition to being more affordable than the national average, there has been a 9.35% appreciation rate on homes in Blue Island over the last year - higher than the 8.27% appreciation rate seen nationally over the same period. All signs point to Blue Island being an attractive and stable option for those looking for a place to buy or invest in housing at present.
The median home cost in Blue Island is $175,000. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Blue Island is up 13.7%.
Average Age of Homes
- The median age of Blue Island real estate is 63 years old
The Rental Market in Blue Island
- Renters make up 36.1% of the Blue Island population
- 1.9% of houses and apartments in Blue Island, 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.