Housing in Hoffman, IL is significantly less expensive than the US median value. The median value of a house in Hoffman, IL is $118,700, which is less than a third of the US median value of $338,100. Furthermore, the appreciation rate for houses in Hoffman, IL over the past year has been 10.25%, higher than the US rate of 8.27%. This suggests that housing prices are increasing faster in Hoffman, IL than they are across the country as a whole.
The median home cost in Hoffman is $118,700. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Hoffman is up 12.4%.
Average Age of Homes
- The median age of Hoffman real estate is 51 years old
The Rental Market in Hoffman
- Renters make up 12.3% of the Hoffman population
- 2.4% of houses and apartments in Hoffman, 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.