The housing market in Mendota, IL is performing relatively well compared to the US housing market. The median value for a home in Mendota, IL is $120,900, which is significantly lower than the US house median value of $338,100. Despite this difference in starting values, Mendota has seen modest growth of 6.44% over the past year compared to 8.27% nationally. This suggests that people are still investing in Mendota's housing market and that it is likely to grow further in the future.
The median home cost in Mendota is $120,900. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Mendota is up 8.8%.
Average Age of Homes
- The median age of Mendota real estate is 60 years old
The Rental Market in Mendota
- Renters make up 26.0% of the Mendota population
- 4.3% of houses and apartments in Mendota, 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.