Farmer City, IL is a great place to buy a house, with the housing median value at $121,200. It's almost one-third of the US House median value of $338,100. The housing market in Farmer City has seen an increase of 8.72% in the last year, slightly higher than the US average of 8.27%. With its relatively inexpensive homes and growing appreciation rate, Farmer City is a great place to invest in real estate.
The median home cost in Farmer City is $121,200. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Farmer City is up 14.5%.
Average Age of Homes
- The median age of Farmer City real estate is 59 years old
The Rental Market in Farmer City
- Renters make up 20.1% of the Farmer City population
- 0.0% of houses and apartments in Farmer City, 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.