The housing market in Normal, IL is thriving. The median value of a house in the area is $209,800, which is significantly lower than the US median value of $338,100. Furthermore, the housing appreciation rate in Normal over the past year has been 14.21%, much higher than the national rate of 8.27%. This means that people are investing in homes in Normal with confidence and that more people are looking to live there. It's no surprise that Normal is becoming a desirable place to call home!
The median home cost in Normal is $209,800. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Normal is up 16.3%.
Average Age of Homes
- The median age of Normal real estate is 34 years old
The Rental Market in Normal
- Renters make up 38.3% of the Normal population
- 3.5% of houses and apartments in Normal, 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.