The median value of housing in Geneva, IL is $422,800 according to a recent study. This is significantly higher than the US house median value of $338,100 and shows a greater appreciation over the past year with a rate of 9.73% compared to the US average of 8.27%. This indicates that Geneva, IL has a robust and growing housing market. With its idyllic towns, charming restaurants and shops and easy access to city amenities, it's no wonder that Geneva, IL has become increasingly attractive to homebuyers in recent years.
The median home cost in Geneva is $422,800. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Geneva is up 12.6%.
Average Age of Homes
- The median age of Geneva real estate is 28 years old
The Rental Market in Geneva
- Renters make up 18.2% of the Geneva population
- 2.0% of houses and apartments in Geneva, 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.