The housing market in Buncombe, IL has been doing relatively well compared to the national market. The median value of a home in Buncombe is $103,700, which is significantly lower than the US median value of $338,100. Despite this difference in cost, Buncombe has still seen a similar rate of house appreciation to the national rate of 8.27%, with an appreciation rate of 8.05% over the last year. This indicates that Buncombe's housing market is healthy and remains attractive to potential buyers looking for a starter home or an affordable location to relocate to.
The median home cost in Buncombe is $103,700. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Buncombe is up 14.3%.
Average Age of Homes
- The median age of Buncombe real estate is 68 years old
The Rental Market in Buncombe
- Renters make up 20.0% of the Buncombe population
- 0.0% of houses and apartments in Buncombe, 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.