The housing market in Modesto, IL is experiencing modest growth. The median value of a house in Modesto is currently $74,500, significantly lower than the US median value of $338,100. Although the national rate of house appreciation in the US over the past year is 8.27%, Modesto has only appreciated by 6.36%. This suggests that while housing values are growing at a slower pace in Modesto compared to the rest of the nation, its market appears to be stable and slowly increasing.
The median home cost in Modesto is $74,500. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Modesto is up 11.6%.
Average Age of Homes
- The median age of Modesto real estate is 63 years old
The Rental Market in Modesto
- Renters make up 14.3% of the Modesto population
- 3.6% of houses and apartments in Modesto, 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.