The housing market in Lombard, IL is vibrant and growing. The median value for a house in Lombard is currently $308,400 which is slightly lower than the national median value of $338,100. But what’s impressive is the rate of appreciation over the past 12 months. The US 1 year house appreciation rate was 8.27%, while in Lombard it was 9.73%. This shows that homes in Lombard are increasing in value at a faster rate than the national average, making it an attractive place to purchase or invest in real estate.
The median home cost in Lombard is $308,400. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Lombard is up 12.6%.
Average Age of Homes
- The median age of Lombard real estate is 47 years old
The Rental Market in Lombard
- Renters make up 24.4% of the Lombard population
- 2.6% of houses and apartments in Lombard, 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.