The housing market in Elliott, IL is relatively affordable compared to the national average. The median house value in Elliott is $86,700, while the US median house value is $338,100. This indicates that homes in Elliott are much more budget friendly than those across the country. The 1 year appreciation rate for houses in Elliott was 7.34%, which is only slightly lower than the national 1 year house appreciation rate of 8.27%. This suggests that despite being an affordable option for buyers, there is still potential for economic growth within the local housing market.
The median home cost in Elliott is $86,700. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Elliott is up 15.4%.
Average Age of Homes
- The median age of Elliott real estate is 64 years old
The Rental Market in Elliott
- Renters make up 4.2% of the Elliott population
- 0.0% of houses and apartments in Elliott, 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.