The housing market in Central City, IL is very competitive with a median value of $62,300. This is significantly lower than the US House Median Value of $338,100 and one year house appreciation of 8.27%. However, the one year house appreciation in Central City, IL is 18.28%, making it much more attractive for potential buyers looking to invest in the area. With a healthy market and strong appreciation values, it's no surprise that Central City, IL is becoming a popular destination for those interested in owning property.
The median home cost in Central City is $62,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Central City is up 11.3%.
Average Age of Homes
- The median age of Central City real estate is 46 years old
The Rental Market in Central City
- Renters make up 24.4% of the Central City population
- 0.0% of houses and apartments in Central City, 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.