The housing market in Mount Carroll, IL is quite affordable compared to the rest of the United States. The median value for a house in this area is $108,000, far below the US median value of $338,100. Even though the 1 year appreciation rate for houses in Mount Carroll, IL is 7.18%, slightly lower than the US average 8.27%, it still represents positive growth and potential for buyers and sellers alike. With its affordability and steady rate of appreciation, this town offers a great opportunity for those looking to purchase or invest in real estate.
The median home cost in Mount Carroll is $108,000. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Mount Carroll is up 14.1%.
Average Age of Homes
- The median age of Mount Carroll real estate is 78 years old
The Rental Market in Mount Carroll
- Renters make up 17.5% of the Mount Carroll population
- 3.4% of houses and apartments in Mount Carroll, 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.