The housing market in Millbrook, IL is thriving and has seen significant growth over the past year. The median value of houses in Millbrook is slightly lower than the US median, at $335,500 compared to $338,100; however, its appreciation rate is higher – 9.58% compared to 8.27%. This growth rate suggests that real estate investments in the area could be lucrative for potential buyers. With a steady rate of appreciation and high median value, it appears that Millbrook is becoming an increasingly attractive option for those looking to purchase a home.
The median home cost in Millbrook is $335,500. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Millbrook is up 14.1%.
Average Age of Homes
- The median age of Millbrook real estate is 43 years old
The Rental Market in Millbrook
- Renters make up 5.8% of the Millbrook population
- 0.0% of houses and apartments in Millbrook, 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.