Forest City, IL has an average housing median value of $55,100, which is much lower than the US median value of $338,100. Despite this difference in value, house appreciation within the past year in Forest City has been quite strong at 7.36%, only slightly lower than the US average of 8.27%. This indicates a healthy and growing housing market in Forest City, providing residents with a great opportunity to invest in their local communities.
The median home cost in Forest City is $55,100. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Forest City is up 7.3%.
Average Age of Homes
- The median age of Forest City real estate is 48 years old
The Rental Market in Forest City
- Renters make up 14.8% of the Forest City population
- 0.0% of houses and apartments in Forest 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.