Clay City, IL is known for its affordable housing compared to the national average. The median value of a home in Clay City is $67,600, which is much lower than the US house median value of $338,100. Despite its affordability, homes in Clay City appreciate at a high rate; in the last year alone they have appreciated by 18.28%, compared to the 8.27% appreciation seen nationally. This makes Clay City a great place to invest if you're looking for an area with good growth potential and low purchase prices.
The median home cost in Clay City is $67,600. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Clay City is up 11.3%.
Average Age of Homes
- The median age of Clay City real estate is 51 years old
The Rental Market in Clay City
- Renters make up 15.3% of the Clay City population
- 2.7% of houses and apartments in Clay 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.