The housing market in Junction, IL is significantly lower than the national average. The median value of a home in Junction is only $91,000 compared to the US median value of $338,100. Although appreciation rates over the past year have been similar with both regions seeing around 8%, it is evident that homes in Junction are much more affordable for potential buyers. This could be especially attractive to first-time buyers looking to enter the market or those looking for an investment property in a smaller town.
The median home cost in Junction is $91,000. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Junction is up 14.3%.
Average Age of Homes
- The median age of Junction real estate is 59 years old
The Rental Market in Junction
- Renters make up 3.8% of the Junction population
- 0.0% of houses and apartments in Junction, 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.