The housing market in Loami, IL is unique compared to the US overall. The median value of a house in Loami, IL is $159,300, significantly lower than the US median value of $338,100. Despite this difference in price points, the one year appreciation rate of 6.36% matches or exceeds the US appreciation rate of 8.27%. This shows that housing prices are increasing steadily in Loami and could provide potential buyers and investors with good opportunities for growth within the housing market.
The median home cost in Loami is $159,300. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Loami is up 11.6%.
Average Age of Homes
- The median age of Loami real estate is 40 years old
The Rental Market in Loami
- Renters make up 17.0% of the Loami population
- 1.5% of houses and apartments in Loami, 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.