The housing market in Panola, IL is doing better than the rest of the country. The median value of houses in Panola is $141,400, which is much lower than the U.S. median value of $338,100. While the U.S. house appreciation rate was 8.27%, the rate in Panola was 14.21%. This means that people who own property in Panola are seeing a greater return on their investment than those who own property elsewhere in the country. Overall, this is excellent news for anyone considering buying or investing in real estate in Panola, IL.
The median home cost in Panola is $141,400. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Panola is up 16.3%.
Average Age of Homes
- The median age of Panola real estate is 47 years old
The Rental Market in Panola
- Renters make up 6.7% of the Panola population
- 0.0% of houses and apartments in Panola, 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.