The housing market in Colona, IL is a strong one. The median value of homes in Colona, IL is $148,700 which is significantly lower than the US median value of $338,100. Despite the difference in price points the appreciation rate for homes in Colona over the last year has been 6.99%, which is only slightly lower than the US average 1 year house appreciation rate of 8.27%. This indicates that there is still strong demand for housing in Colona and that the market remains a stable one to invest in.
The median home cost in Colona is $148,700. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Colona is up 8.3%.
Average Age of Homes
- The median age of Colona real estate is 46 years old
The Rental Market in Colona
- Renters make up 14.6% of the Colona population
- 2.2% of houses and apartments in Colona, 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.