The housing market in Hopewell, IL is a great place to buy a home. The median value of homes in the area is $170,100, significantly lower than the US house median value of $338,100. The one year appreciation rate of homes in the area is 7.36%, slightly lower than the national average of 8.27%. Homeowners can be confident that their investments will grow over time and they will benefit from a stable housing market in Hopewell. This makes it an ideal place to purchase a home and start building equity.
The median home cost in Hopewell is $170,100. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Hopewell is up 7.3%.
Average Age of Homes
- The median age of Hopewell real estate is 38 years old
The Rental Market in Hopewell
- Renters make up 3.1% of the Hopewell population
- 0.0% of houses and apartments in Hopewell, 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.