Inverness, IL Housing

Inverness, IL is an affluent suburb located in northeastern Illinois. The housing median value in this area is $656,500 which is significantly higher than the US House Median Value of $338,100. This indicates a strong real estate market in Inverness and the trend of appreciation over the past year has been even stronger at 8.83%, compared to the US 1 year House Appreciation of 8.27%. It looks like a great time to invest in real estate in Inverness as demand for housing continues to increase.

The median home cost in Inverness is $656,500. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Inverness is up 14.5%.

Average Age of Homes

- The median age of Inverness real estate is 35 years old

The Rental Market in Inverness

- Renters make up 3.9% of the Inverness population
- 0.0% of houses and apartments in Inverness, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Inverness, Illinois	United States
	3,059.0	139,647,020.0
	38	42
	$656,500	$338,100
	14.5%	16.6%
	31.8%	57.0%
	54.6%	101.1%
	$20.96	$10.98
	$10,001	$2,690
	89.5%	57.4%
	9.5%	11.2%
	0.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.5%	0.7%
	1.8%	0.4%
	2.1%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.5%	3.9%
	0.5%	4.5%
	0.0%	11.3%
	0.7%	13.0%
	2.9%	20.1%
	11.0%	13.6%
	11.0%	8.3%
	41.7%	9.7%
	23.5%	3.9%
	6.4%	2.2%
	1.1%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.1%	13.6%
	16.1%	13.6%
	9.6%	13.6%
	33.1%	13.2%
	14.9%	14.8%
	9.6%	13.6%
	6.0%	10.0%
	3.7%	4.7%
	5.2%	12.2%