The housing industry in Lovington, IL is thriving. The median value of a house in Lovington is $102,900, which is significantly lower than the US median value of $338,100. This makes Lovington an attractive place to purchase a home. Additionally, the 1 year House Appreciation rate in Lovington is 18.98%, which is 10% higher than the US House Appreciation rate of 8.27%. This suggests that investing in real estate in Lovington can be lucrative and a great way to build wealth over time.
The median home cost in Lovington is $102,900. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Lovington is up 13.5%.
Average Age of Homes
- The median age of Lovington real estate is 61 years old
The Rental Market in Lovington
- Renters make up 26.0% of the Lovington population
- 0.3% of houses and apartments in Lovington, 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.