McHenry, IL is a city in the Midwest that offers affordable housing compared to the national average. The median value of housing in McHenry, IL is $238,000, while the national median value of a house is $338,100. In the last year, there has been an 8.83% appreciation in house values in McHenry, IL compared to the 8.27% national house appreciation rate over the same time period. This means that those looking for a home in McHenry can get a good deal on their purchase with reasonable expectations for appreciation over time.
The median home cost in McHenry is $238,000. Home appreciation the last 10 years has been 54.6%. Home Appreciation in McHenry is up 14.5%.
Average Age of Homes
- The median age of McHenry real estate is 33 years old
The Rental Market in McHenry
- Renters make up 23.4% of the McHenry population
- 0.9% of houses and apartments in McHenry, 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.