Hamel, IL is a great place to live with a relatively low median house value of $242,200 compared to the US median house value of $338,100. Although the US median house appreciation rate for the past year was 8.27%, Hamel's appreciation rate was slightly lower at 7.96%. This could be a good opportunity for potential homeowners to purchase real estate in Hamel as housing prices are more affordable than other areas of the country and show potential for growth in the coming years.
The median home cost in Hamel is $242,200. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Hamel is up 10.0%.
Average Age of Homes
- The median age of Hamel real estate is 41 years old
The Rental Market in Hamel
- Renters make up 18.2% of the Hamel population
- 0.0% of houses and apartments in Hamel, 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.