Concord, Illinois has an impressive median housing value of $126,100, which is significantly lower than the US median housing value of $338,100. In the last year alone, the US house appreciation grew by 8.27%, while Concord's house appreciation grew by 6.36%. This lower rate of appreciation demonstrates that housing in Concord is more affordable and likely to remain so in the short-term. Nevertheless, those looking for a home in Concord should consider current market prices and have realistic expectations about future trends.
The median home cost in Concord is $126,100. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Concord is up 11.6%.
Average Age of Homes
- The median age of Concord real estate is 76 years old
The Rental Market in Concord
- Renters make up 8.1% of the Concord population
- 0.0% of houses and apartments in Concord, 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.