Lynwood, IL has a median housing value of $233,900 which is significantly lower than the US house median value of $338,100. Despite this difference in value, Lynwood has experienced a higher house appreciation rate over the past year at 9.35% compared to the 8.27% national average. This suggests that buying a home in Lynwood might be a worthwhile investment if done right. With its relatively low housing prices and high appreciation rate, Lynwood is an attractive option for many potential buyers.
The median home cost in Lynwood is $233,900. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Lynwood is up 13.7%.
Average Age of Homes
- The median age of Lynwood real estate is 25 years old
The Rental Market in Lynwood
- Renters make up 16.9% of the Lynwood population
- 3.4% of houses and apartments in Lynwood, 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.