Housing in Gages Lake, IL is more expensive than the US House Median Value. The median value of a home in Gages Lake, IL is $249,300 compared to the US House Median Value of $338,100. Despite the higher price tag for homes in Gages Lake, IL they are still appreciating at a rate of 8.83%, slightly higher than the 1 year appreciation rate across the country which is 8.27%. This suggests that housing in Gages Lake, IL remains a worthwhile investment despite its comparatively high prices.
The median home cost in Gages Lake is $249,300. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Gages Lake is up 14.5%.
Average Age of Homes
- The median age of Gages Lake real estate is 36 years old
The Rental Market in Gages Lake
- Renters make up 19.1% of the Gages Lake population
- 0.0% of houses and apartments in Gages Lake, 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.