Park City, IL is a great place to own a home. The median value of homes in the area is 212,300, which is significantly lower than the US housing median of 338,100. Over the last year, the appreciation rate for homes in Park City has been 8.83%, compared to 8.27% nationally. This makes Park City an attractive place to invest in real estate, as homeowners can expect their properties to appreciate at a higher rate than elsewhere in the country.
The median home cost in Park City is $212,300. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Park City is up 14.5%.
Average Age of Homes
- The median age of Park City real estate is 28 years old
The Rental Market in Park City
- Renters make up 41.6% of the Park City population
- 1.7% of houses and apartments in Park City, 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.