Housing in Browning, IL is significantly cheaper than the US median value. The median value for a house in Browning is $78,800 compared to a national median of $338,100. Although appreciation rates for housing have been strong nationwide, with an 8.27% increase in the last year, appreciation rates in Browning are slightly lower at 6.36%. This could be a good opportunity for buyers looking for affordable housing in the area as they may be able to take advantage of lower prices and still benefit from house price increases over time.
The median home cost in Browning is $78,800. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Browning is up 11.6%.
Average Age of Homes
- The median age of Browning real estate is 68 years old
The Rental Market in Browning
- Renters make up 4.8% of the Browning population
- 7.9% of houses and apartments in Browning, 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.