Loraine, IL is home to a housing median value of $100,400, which is much lower than the US House Median Value of $338,100. In the past year, the US House Appreciation has been 8.27%, while Loraine has seen an appreciation rate of 7.86%. This information indicates that Loraine is having a slower growth in housing values than the rest of the nation. Despite this lower appreciation rate, Loraine remains a desirable place to invest in real estate and offers potential buyers affordable prices for good quality homes.
The median home cost in Loraine is $100,400. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Loraine is up 14.9%.
Average Age of Homes
- The median age of Loraine real estate is 76 years old
The Rental Market in Loraine
- Renters make up 15.6% of the Loraine population
- 0.5% of houses and apartments in Loraine, 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.