The housing market in Cerro Gordo, IL is growing at a healthy rate. As of 2020, the median value of a home in Cerro Gordo is $105,700 - significantly lower than the U.S. median of $338,100. However, house values have appreciated 8.72% in Cerro Gordo over the last year and this trend is expected to continue with the U.S. 1 year house appreciation rate being 8.27%. This indicates that now may be a good time to consider investing in a home or property in Cerro Gordo as prices are expected to continue to rise.
The median home cost in Cerro Gordo is $105,700. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Cerro Gordo is up 14.5%.
Average Age of Homes
- The median age of Cerro Gordo real estate is 60 years old
The Rental Market in Cerro Gordo
- Renters make up 19.6% of the Cerro Gordo population
- 2.0% of houses and apartments in Cerro Gordo, 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.