The housing market in Herrick, IL is quite stable as the median value of houses in the area is comparatively lower than the US Housing Median Value, at $93,800. Despite this discrepancy, the 1 year House Appreciation rate for Herrick is only slightly lower than the US rate at 7.94%, indicating a healthy and consistent growth in the area's housing prices. This stability and growth make Herrick an attractive place to invest in real estate.
The median home cost in Herrick is $93,800. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Herrick is up 9.4%.
Average Age of Homes
- The median age of Herrick real estate is 43 years old
The Rental Market in Herrick
- Renters make up 6.0% of the Herrick population
- 0.0% of houses and apartments in Herrick, 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.