Housing in Channel Lake, IL is an attractive option for potential homeowners. The median value of a house is $180,300 compared to the US median value of $338,100. The appreciation rate for housing in Channel Lake over the last year has been 8.83%, higher than the national average of 8.27%. This indicates that investment in residential real estate here is increasing. Furthermore, the lower cost of living could make it a desirable place to call home.
The median home cost in Channel Lake is $180,300. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Channel Lake is up 14.5%.
Average Age of Homes
- The median age of Channel Lake real estate is 54 years old
The Rental Market in Channel Lake
- Renters make up 5.9% of the Channel Lake population
- 0.0% of houses and apartments in Channel Lake, 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.