The housing market in Meredosia, IL is slightly below the national median value. The median value of a home in Meredosia is $67,300 compared to the US median of $338,100. Despite this lower value, the appreciation rate for housing in Meredosia still exceeds that of the US as a whole. In the past year alone, the median house appreciation rate in Meredosia was 6.36%, higher than the 8.27% increase seen nationally. This demonstrates that housing markets in Meredosia are healthy and growing steadily despite the lower prices overall.
The median home cost in Meredosia is $67,300. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Meredosia is up 11.6%.
Average Age of Homes
- The median age of Meredosia real estate is 51 years old
The Rental Market in Meredosia
- Renters make up 29.7% of the Meredosia population
- 8.9% of houses and apartments in Meredosia, 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.