The housing market in Minonk, IL is flourishing. The median value of homes in the city is currently $114,600, which is significantly lower than the US House Median Value of $338,100. This makes Minonk an attractive place to buy a house. Additionally, the 1 year house appreciation rate in Minonk is 14.21%, higher than the national average of 8.27%. This means that investing in the housing market in Minonk may be even more profitable and wise decision for potential buyers. With these factors in mind, it's no wonder why so many people are choosing to purchase their homes here.
The median home cost in Minonk is $114,600. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Minonk is up 16.3%.
Average Age of Homes
- The median age of Minonk real estate is 66 years old
The Rental Market in Minonk
- Renters make up 14.7% of the Minonk population
- 0.0% of houses and apartments in Minonk, 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.