Grandwood Park, IL is home to a vibrant and desirable housing market. The median value of homes in the area is $313,000, which is slightly lower than the US median value of $338,100. Despite the lower median value, the appreciation rate for houses in Grandwood Park over the last year was 8.83%, higher than the US average of 8.27%. This suggests that Grandwood Park has a resilient housing market that continues to appreciate even in times of uncertainty. Furthermore, with its close proximity to downtown Chicago and its many amenities such as parks and schools, homeowners can expect to make a great investment while living in this ever-growing city.
The median home cost in Grandwood Park is $313,000. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Grandwood Park is up 14.5%.
Average Age of Homes
- The median age of Grandwood Park real estate is 26 years old
The Rental Market in Grandwood Park
- Renters make up 15.9% of the Grandwood Park population
- 1.4% of houses and apartments in Grandwood Park, 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.