Grand Tower, IL is an area with appealing housing prices. According to statistics, the median value for housing in Grand Tower, IL is $61,100 which is significantly lower than the US house median value of $338,100. In the past year, the house appreciation rate was 8.05%, which is only slightly lower than the US 1 year house appreciation rate of 8.27%. This indicates that housing in Grand Tower remains a viable and popular option for potential homebuyers.
The median home cost in Grand Tower is $61,100. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Grand Tower is up 14.3%.
Average Age of Homes
- The median age of Grand Tower real estate is 55 years old
The Rental Market in Grand Tower
- Renters make up 17.2% of the Grand Tower population
- 1.8% of houses and apartments in Grand Tower, 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.