Nokomis, IL is an affordable place to live when compared to the United States median value of housing. The median value of housing in Nokomis, IL is $69,100 which is significantly lower than the US median of $338,100. Despite this lower cost of housing, the appreciation rate for homes over the past year has been 7.96%, only slightly lower than the national appreciation rate of 8.27%. This means that investing in a home in Nokomis, IL can still yield significant returns over time.
The median home cost in Nokomis is $69,100. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Nokomis is up 10.0%.
Average Age of Homes
- The median age of Nokomis real estate is 68 years old
The Rental Market in Nokomis
- Renters make up 20.7% of the Nokomis population
- 2.4% of houses and apartments in Nokomis, 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.