Edgewood, IL is a small suburb located outside of Chicago. It has a median home value of $82,400, which is significantly lower than the US median home value of $338,100. Despite the lower value, the Edgewood housing market has still shown good appreciation over the past year with an increase of 7.94%. This may be attributed to its location near Chicago and its attractive amenities such as parks and schools. Overall, Edgewood offers an affordable housing option in comparison to other areas in the country and it's a great place to consider for those looking for a suburban lifestyle close to all the attractions of a larger city.
The median home cost in Edgewood is $82,400. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Edgewood is up 9.4%.
Average Age of Homes
- The median age of Edgewood real estate is 67 years old
The Rental Market in Edgewood
- Renters make up 20.5% of the Edgewood population
- 0.0% of houses and apartments in Edgewood, 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.