The housing market in New Bedford, IL is affordable compared to the US standard. The median value of homes in the area is $67,200 compared to the US median value of $338,100. Over the past year, the appreciation rate for houses in New Bedford has been 6.44%, while the national rate was 8.27%. This indicates that while home values are increasing nationwide, they may be growing at a slower rate for people living in New Bedford. Therefore, those looking for an affordable home may find it worth considering this area.
The median home cost in New Bedford is $67,200. Home appreciation the last 10 years has been 36.1%. Home Appreciation in New Bedford is up 8.8%.
Average Age of Homes
- The median age of New Bedford real estate is 78 years old
The Rental Market in New Bedford
- Renters make up 0.0% of the New Bedford population
- 0.0% of houses and apartments in New Bedford, 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.