The housing market in Ferris, IL is quite strong and has a median value of $78,100. This is significantly lower than the US median house value of $338,100. In the last year, the House Appreciation in Ferris, IL has been slightly lower than the national average at 7.86% compared to 8.27%. Despite this slight difference in appreciation rates, the overall trend for housing in Ferris, IL is looking positive and promising for potential homeowners.
The median home cost in Ferris is $78,100. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Ferris is up 14.9%.
Average Age of Homes
- The median age of Ferris real estate is 78 years old
The Rental Market in Ferris
- Renters make up 12.4% of the Ferris population
- 0.0% of houses and apartments in Ferris, 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.