Granite City, IL is a city located in southern Illinois. The housing median value in Granite City is $94,100, which is significantly lower than the US House Median Value of $338,100. Despite this difference, the house appreciation rate for Granite City has been increasing over the past year and is currently at 7.96%, slightly below the national average of 8.27%. Therefore, despite having more affordable prices than the national average, Granite City's housing market is still appreciating at a healthy rate and offers potential buyers an opportunity to purchase homes at reasonable prices in an area that continues to be an attractive choice for many new residents.
The median home cost in Granite City is $94,100. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Granite City is up 10.0%.
Average Age of Homes
- The median age of Granite City real estate is 61 years old
The Rental Market in Granite City
- Renters make up 29.0% of the Granite City population
- 1.5% of houses and apartments in Granite City, 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.