Housing in Mitchell, IL is considerably more affordable than the national average. The median value of a house in Mitchell, IL is $98,000, while the US House Median Value is $338,100. While the US saw an 1 year appreciation of 8.27%, the 1 year appreciation for housing in Mitchell was 7.96%. This indicates that home values have generally been increasing over the past year, though at a slightly lower rate than the nation as a whole. Overall, Mitchell provides a great opportunity to purchase or invest in housing at an affordable price point compared to other areas in the country.
The median home cost in Mitchell is $98,000. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Mitchell is up 10.0%.
Average Age of Homes
- The median age of Mitchell real estate is 58 years old
The Rental Market in Mitchell
- Renters make up 16.4% of the Mitchell population
- 0.0% of houses and apartments in Mitchell, 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.