Oak Grove, IL is a small town located in Illinois with a housing median value of $40,900. Compared to the US house median value of $338,100, Oak Grove's housing prices are significantly lower and more affordable. In the past year, the US house appreciation rate was 8.27% while Oak Grove experienced 6.99% appreciation in their housing prices. This is slightly lower than the national average but still indicates a stable housing market for potential buyers in this area.
The median home cost in Oak Grove is $40,900. Home appreciation the last 10 years has been 34.4%. Home Appreciation in Oak Grove is up 8.3%.
Average Age of Homes
- The median age of Oak Grove real estate is 43 years old
The Rental Market in Oak Grove
- Renters make up 30.7% of the Oak Grove population
- 0.0% of houses and apartments in Oak Grove, 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.