Hume, IL is a small town situated in the Midwest with a population of 1,732. The median value of housing in Hume is much lower than the U.S. median value at $61,800 compared to $338,100. However, there has been an impressive amount of appreciation of housing values in the past year at 18.98%, higher than the national average of 8.27%. This can be attributed to the relative affordability and desirability of housing in Hume which has been attractive to buyers looking for a safe and comfortable place to live or invest in real estate.
The median home cost in Hume is $61,800. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Hume is up 13.5%.
Average Age of Homes
- The median age of Hume real estate is 60 years old
The Rental Market in Hume
- Renters make up 17.6% of the Hume population
- 4.1% of houses and apartments in Hume, 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.