Dorchester, IL is a wonderful place to live, and the housing market reflects that. The median value of homes in Dorchester is $122,400, which is significantly lower than the US median house value of $338,100. Although there may be less demand for housing in Dorchester compared to other areas, it still offers a great home appreciation rate at 7.96%, just 0.31% lower than the US average. This has been a positive trend over the last year with an increase of 8.27%, meaning that buying a house in Dorchester could be both an economical and wise choice for potential homeowners looking for a peaceful living experience.
The median home cost in Dorchester is $122,400. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Dorchester is up 10.0%.
Average Age of Homes
- The median age of Dorchester real estate is 78 years old
The Rental Market in Dorchester
- Renters make up 7.7% of the Dorchester population
- 0.0% of houses and apartments in Dorchester, 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.