The housing market in Midlothian, IL is strong. The median value of a house in Midlothian currently stands at $213,700, which is significantly lower than the US median value of $338,100. In the past year, housing appreciation in Midlothian has been higher than the national average at 9.35%, compared to 8.27%. This indicates that the housing market in Midlothian is on an upward trend and will likely continue to be a good place for potential homeowners.
The median home cost in Midlothian is $213,700. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Midlothian is up 13.7%.
Average Age of Homes
- The median age of Midlothian real estate is 52 years old
The Rental Market in Midlothian
- Renters make up 23.0% of the Midlothian population
- 0.5% of houses and apartments in Midlothian, 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.