Housing in Homewood, IL is a great investment for homeowners. The median value of homes in Homewood is $225,600, which is significantly lower than the US median house value of $338,100. This presents homeowners with an opportunity to acquire property at below market prices. Additionally, home appreciation in Homewood has been strong over the last year with a 9.35% increase compared to the US average of 8.27%. With such a low median house price and strong appreciation rate, investing in real estate in Homewood is an attractive option for potential homeowners.
The median home cost in Homewood is $225,600. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Homewood is up 13.7%.
Average Age of Homes
- The median age of Homewood real estate is 55 years old
The Rental Market in Homewood
- Renters make up 18.1% of the Homewood population
- 0.3% of houses and apartments in Homewood, 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.