The housing in Lomax, IL is quite affordable compared to the US average. The median value of a house in Lomax, IL is $81,500 while the US median value is $338,100. In terms of house appreciation over the last year, Lomax has seen an increase of 7.76%, which is just slightly lower than the US average of 8.27%. Despite this slight difference in appreciation rates, Lomax still remains a much more affordable option for those looking to buy a house or invest in real estate.
The median home cost in Lomax is $81,500. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Lomax is up 8.9%.
Average Age of Homes
- The median age of Lomax real estate is 62 years old
The Rental Market in Lomax
- Renters make up 24.3% of the Lomax population
- 0.0% of houses and apartments in Lomax, 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.