The housing market in Mackinaw, IL is very healthy and strong. The median value for houses in the area is $190,600, which is far lower than the US median of $338,100. Despite this difference in value, the appreciation rate for houses in Mackinaw has been significantly higher than the national average over the past year. The 1 year house appreciation rate for Mackinaw was 14.21%, while the US average was just 8.27%. This indicates that houses in Mackinaw are increasing in value much faster than the average across the country.
The median home cost in Mackinaw is $190,600. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Mackinaw is up 16.3%.
Average Age of Homes
- The median age of Mackinaw real estate is 49 years old
The Rental Market in Mackinaw
- Renters make up 27.3% of the Mackinaw population
- 0.5% of houses and apartments in Mackinaw, 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.