The housing market in Onarga, IL is quite strong. The median value of houses in the area is $98,000, which is significantly lower than the US national median value of $338,100. This lower cost makes Onarga an attractive option for those looking to buy a house at a more affordable price. The 1 year appreciation rate for housing in Onarga is 7.34%, slightly lower than the US national rate of 8.27%, indicating that the housing market is staying steady rather than exploding. Though it may not be as hot as some other areas, Onarga provides an affordable and stable place to invest in a home.
The median home cost in Onarga is $98,000. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Onarga is up 15.4%.
Average Age of Homes
- The median age of Onarga real estate is 72 years old
The Rental Market in Onarga
- Renters make up 29.1% of the Onarga population
- 1.6% of houses and apartments in Onarga, 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.