Evergreen Park, IL is a great place for those looking to invest in real estate. The median value of homes in the area is quite a bit lower than the national average, at $253,700 compared to the US median of $338,100. However, growth in home appreciation has been steady even though it has not kept up with the national average, seeing an increase of 5.17% over the last year compared to 8.27% nationally. This makes Evergreen Park an affordable option for potential homeowners while still offering good capital growth potential over time.
The median home cost in Evergreen Park is $253,700. Home appreciation the last 10 years has been 77.3%. Home Appreciation in Evergreen Park is up 14.3%.
Average Age of Homes
- The median age of Evergreen Park real estate is 62 years old
The Rental Market in Evergreen Park
- Renters make up 16.9% of the Evergreen Park population
- 0.8% of houses and apartments in Evergreen Park, 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.