The housing market in Garrett, IL is strong, with a median value of $68,200. This is significantly lower than the US House Median Value of $338,100. However, over the past year, houses in Garrett have seen an 18.98% appreciation rate - almost double the national 1 year average of 8.27%. With such a high rate of appreciation and lower cost of entry, now is an excellent time to consider investing in property in Garrett.
The median home cost in Garrett is $68,200. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Garrett is up 13.5%.
Average Age of Homes
- The median age of Garrett real estate is 64 years old
The Rental Market in Garrett
- Renters make up 9.4% of the Garrett population
- 10.6% of houses and apartments in Garrett, 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.