Housing in Hennepin, IL is considered to be more affordable than the national average, with a median value of $179,100 compared to the US median value of $338,100. In the past year, house appreciation in Hennepin has been 6.44%, which is lower than the 8.27% national average. This suggests that while housing prices are less expensive in Hennepin than they are across the nation as a whole, home values have not gone up as quickly over the past year.
The median home cost in Hennepin is $179,100. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Hennepin is up 8.8%.
Average Age of Homes
- The median age of Hennepin real estate is 45 years old
The Rental Market in Hennepin
- Renters make up 22.4% of the Hennepin population
- 3.8% of houses and apartments in Hennepin, 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.