Housing in Herrin, IL is significantly lower than the housing median value across the United States. The median value for houses in Herrin, IL is currently $96,200 while the US house median value is $338,100. Despite having such a large gap between the two areas, Herrin has experienced a 1 year appreciation rate of 8.05%, which is closely aligned to the US 1 year appreciation rate of 8.27%. This shows that housing in Herrin is still growing and becoming more valuable for their residents.
The median home cost in Herrin is $96,200. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Herrin is up 14.3%.
Average Age of Homes
- The median age of Herrin real estate is 51 years old
The Rental Market in Herrin
- Renters make up 26.4% of the Herrin population
- 4.4% of houses and apartments in Herrin, 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.