El Paso, IL is an attractive place to live due to the relatively low median housing value of $143,500. This number is significantly lower than the US median housing value of $338,100. Furthermore, El Paso has seen a higher 1 year house appreciation rate of 14.21%, compared to the US 1 year house appreciation rate of 8.27%. With a combination of low costs and high appreciation rates this makes El Paso a great place for people considering buying or investing in property.
The median home cost in El Paso is $143,500. Home appreciation the last 10 years has been 40.7%. Home Appreciation in El Paso is up 16.3%.
Average Age of Homes
- The median age of El Paso real estate is 60 years old
The Rental Market in El Paso
- Renters make up 24.9% of the El Paso population
- 2.9% of houses and apartments in El Paso, 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.