New Minden, IL is a great place to invest in real estate due to the median housing value being substantially lower than the US average. At $88,700, it's well below the US median of $338,100. Additionally, in the past year there has been an impressive 10.71% appreciation rate for houses in New Minden - far higher than the US average of 8.27%. This indicates that now is a great time to buy property in New Minden and take advantage of this booming market trend before prices start climbing even further.
The median home cost in New Minden is $88,700. Home appreciation the last 10 years has been 42.5%. Home Appreciation in New Minden is up 12.3%.
Average Age of Homes
- The median age of New Minden real estate is 66 years old
The Rental Market in New Minden
- Renters make up 8.2% of the New Minden population
- 0.0% of houses and apartments in New Minden, 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.