Lee, IL is a great place to buy a house. The median value of homes in Lee, IL is $177,900, which is significantly lower than the US median value of $338,100. Furthermore, the one-year appreciation rate for homes in Lee, IL is 9.58%, higher than the US average of 8.27%. This shows that housing in Lee, IL is currently appreciating at a faster rate than other parts of the United States and could be a great investment opportunity for potential buyers.
The median home cost in Lee is $177,900. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Lee is up 14.1%.
Average Age of Homes
- The median age of Lee real estate is 78 years old
The Rental Market in Lee
- Renters make up 25.5% of the Lee population
- 4.2% of houses and apartments in Lee, 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.