The housing market in Cuba, IL is attractive for those looking to buy a home. The median value of a house in Cuba, IL is $89,800, which is significantly lower than the US median of $338,100. Despite being lower than the overall US median value, the 1 year house appreciation for Cuba, IL is 7.76%, which is slightly lower than the 8.27% national rate but still a good indication of an appreciating market. This could make it an ideal location for potential buyers who want to get more bang for their buck.
The median home cost in Cuba is $89,800. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Cuba is up 8.9%.
Average Age of Homes
- The median age of Cuba real estate is 72 years old
The Rental Market in Cuba
- Renters make up 26.4% of the Cuba population
- 3.6% of houses and apartments in Cuba, 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.