The housing market in Farina, IL has experienced a significant increase in value over the past year. The median value of a house in Farina is currently $81,300, which is significantly lower than the US House Median Value of $338,100. Despite this discrepancy, the 1 year House Appreciation rate for Farina has increased by 18.28%, far greater than the US 1 year House Appreciation rate of 8.27%. This rapid increase in home values suggests that buying or investing in housing in Farina is an extremely attractive option.
The median home cost in Farina is $81,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Farina is up 11.3%.
Average Age of Homes
- The median age of Farina real estate is 63 years old
The Rental Market in Farina
- Renters make up 23.9% of the Farina population
- 1.5% of houses and apartments in Farina, 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.