Galesburg, IL is a great place to live with its housing median value of $79,100. Although it is significantly lower than the median value of the United States as a whole at $338,100, it still boasts an impressive one year house appreciation rate of 7.76%. Despite slightly lagging behind the national one year house appreciation rate at 8.27%, Galesburg offers affordability and stability for potential homebuyers.
The median home cost in Galesburg is $79,100. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Galesburg is up 8.9%.
Average Age of Homes
- The median age of Galesburg real estate is 64 years old
The Rental Market in Galesburg
- Renters make up 37.7% of the Galesburg population
- 2.0% of houses and apartments in Galesburg, 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.