The housing market in Kane, IL is much more affordable than the national average. The median home value in Kane is only $72,000, compared to the US median of $338,100. In the past year, house prices across the US have appreciated by 8.27%, while Kane houses have appreciated by 7.96%. This indicates that while Kane is seeing an increase in prices like other parts of the country, it remains a more affordable area with slower appreciation rates.
The median home cost in Kane is $72,000. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Kane is up 10.0%.
Average Age of Homes
- The median age of Kane real estate is 66 years old
The Rental Market in Kane
- Renters make up 24.9% of the Kane population
- 9.3% of houses and apartments in Kane, 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.