The housing market in Leland, IL is quite strong. The median value of homes in the area is $206,200 - significantly less than the national median of $338,100. This makes it a more affordable option for those looking to buy real estate. Additionally, over the past year, the appreciation rate for homes in Leland has been 9.58%, which is higher than the national average of 8.27%. Overall, this means that now may be an excellent time to invest in Leland's housing market as home prices are expected to keep going up.
The median home cost in Leland is $206,200. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Leland is up 14.1%.
Average Age of Homes
- The median age of Leland real estate is 75 years old
The Rental Market in Leland
- Renters make up 14.4% of the Leland population
- 0.0% of houses and apartments in Leland, 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.