Gillespie, IL is a small town in Illinois that has an average house median value of $91,600, which is significantly lower than the US house median value of $338,100. In the last year, house appreciation in Gillespie has been 7.96%, slightly lower than the 8.27% appreciation rate for all of the US. This makes housing very affordable in Gillespie and allows potential buyers to get a great deal on their new home. It also provides those who already own property in Gillespie with more equity to use for other investments or to take advantage of this market and move up to a bigger house.
The median home cost in Gillespie is $91,600. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Gillespie is up 10.0%.
Average Age of Homes
- The median age of Gillespie real estate is 69 years old
The Rental Market in Gillespie
- Renters make up 27.0% of the Gillespie population
- 3.4% of houses and apartments in Gillespie, 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.