The housing market in Medora, IL is quite affordable, with the median value of homes being $78,500. This is considerably lower than the US median house value of $338,100. While home appreciation in the US saw an increase of 8.27% over the past year, Medora still saw a solid 7.96% increase in median housing values during the same time period. With lower prices and steady increases in home values, it's no wonder that more people are choosing to buy property and live in Medora!
The median home cost in Medora is $78,500. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Medora is up 10.0%.
Average Age of Homes
- The median age of Medora real estate is 71 years old
The Rental Market in Medora
- Renters make up 21.7% of the Medora population
- 3.7% of houses and apartments in Medora, 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.