The housing market in Paderborn, IL is strong and on the rise. Median housing value in the town is $162,400, which is significantly lower than the US median of $338,100. In the past year, house appreciation in Paderborn, IL has been around 10.25%, much higher than the national average of 8.27%. This suggests that Paderborn is a great option for those wanting to invest in real estate or buy a home at a lower cost relative to other areas. The steady increase in home values indicates that now may be a great time to purchase property in this charming Illinois community.
The median home cost in Paderborn is $162,400. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Paderborn is up 12.4%.
Average Age of Homes
- The median age of Paderborn real estate is 45 years old
The Rental Market in Paderborn
- Renters make up 0.0% of the Paderborn population
- 0.0% of houses and apartments in Paderborn, 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.