The housing market in Nebo, IL is much lower than the US median value, with a median value of $69,300. Despite this, the 1 year appreciation rate for homes in Nebo is an impressive 7.86%, close to the national rate of 8.27%. This shows that there is still a demand for housing in Nebo and suggests that it can be a good opportunity to buy or invest in a home.
The median home cost in Nebo is $69,300. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Nebo is up 14.9%.
Average Age of Homes
- The median age of Nebo real estate is 61 years old
The Rental Market in Nebo
- Renters make up 6.0% of the Nebo population
- 6.9% of houses and apartments in Nebo, 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.