The housing market in Divernon, IL is thriving. The median value of homes in the area is $122,400, which is significantly lower than the US House Median Value of $338,100. However, the appreciation rate of houses in Divernon has been very strong; over the past year alone they have increased by 10.25%, compared to 8.27% nationally. This spike in value can be attributed to a number of factors such as an influx of new businesses and families to the area or an enhanced demand for housing due to reasonable costs. This increase in house values have made Divernon an attractive place for potential homebuyers looking for a great deal on a home that will appreciate over time.
The median home cost in Divernon is $122,400. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Divernon is up 11.6%.
Average Age of Homes
- The median age of Divernon real estate is 50 years old
The Rental Market in Divernon
- Renters make up 21.3% of the Divernon population
- 0.0% of houses and apartments in Divernon, 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.