The housing market in Oreana, IL is quite strong compared to the national average. The median home value in Oreana, IL is $135,100 which is significantly lower than the US median home value of $338,100. Over the last year, the US house appreciation rate was 8.27%, however in Oreana it was 10.25%. This shows that the housing market in Oreana has been growing faster than the national average over the past year. This means that it may be a good time for buyers or investors to look into purchasing property in Oreana as prices are on an upward trend.
The median home cost in Oreana is $135,100. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Oreana is up 11.6%.
Average Age of Homes
- The median age of Oreana real estate is 51 years old
The Rental Market in Oreana
- Renters make up 13.6% of the Oreana population
- 1.2% of houses and apartments in Oreana, 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.