The housing market in O'Fallon, IL is booming! The median value of a house in this city is currently $261,000, and it has appreciated by 10.25% in the past year alone. This is higher than the US average appreciation rate of 8.27%, making O'Fallon an attractive and desirable place to live for those looking to purchase a home. With an expected increase in housing values over time, buyers can be sure that their investment will pay off.
The median home cost in O'Fallon is $261,000. Home appreciation the last 10 years has been 42.4%. Home Appreciation in O'Fallon is up 12.4%.
Average Age of Homes
- The median age of O'Fallon real estate is 25 years old
The Rental Market in O'Fallon
- Renters make up 28.3% of the O'Fallon population
- 1.5% of houses and apartments in O'Fallon, 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.