Housing in Lincolnshire, IL is more expensive than the national average. The median value of houses in Lincolnshire is $572,500, which is much higher than the US median house value of $338,100. The one-year house appreciation rate for the US was 8.27%, but in Lincolnshire it was even higher at 8.83%. This suggests that there is a strong demand for housing in Lincolnshire and that housing prices are likely to continue to increase over time.
The median home cost in Lincolnshire is $572,500. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Lincolnshire is up 14.5%.
Average Age of Homes
- The median age of Lincolnshire real estate is 24 years old
The Rental Market in Lincolnshire
- Renters make up 16.1% of the Lincolnshire population
- 3.0% of houses and apartments in Lincolnshire, 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.