The housing market in Marseilles, IL is a good value for those interested in purchasing a home. The median value of homes in Marseilles is currently $161,500, which is significantly lower than the US House Median Value of $338,100. Despite the lower price point, the house appreciation rate over one year in Marseilles was 6.44%, slightly below the national appreciation rate of 8.27%. These figures suggest that while buying a house in Marseilles presents an excellent opportunity for buyers to get more bang for their buck, there is still potential for growth and appreciation of their chosen property.
The median home cost in Marseilles is $161,500. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Marseilles is up 8.8%.
Average Age of Homes
- The median age of Marseilles real estate is 53 years old
The Rental Market in Marseilles
- Renters make up 24.3% of the Marseilles population
- 2.1% of houses and apartments in Marseilles, 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.