The housing market in Collinsville, IL is quite strong. The median value of houses in the area is $153,500 which is much lower than the national median value of $338,100. In the past year, the appreciation rate for housing in Collinsville has been 10.25%, which is higher than the US average of 8.27%. This reflects a strong and growing housing market and suggests that investing in real estate in Collinsville could be a wise decision.
The median home cost in Collinsville is $153,500. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Collinsville is up 12.4%.
Average Age of Homes
- The median age of Collinsville real estate is 48 years old
The Rental Market in Collinsville
- Renters make up 35.5% of the Collinsville population
- 1.0% of houses and apartments in Collinsville, 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.