The housing market in Paw Paw, IL is considerably lower than the US median value of $338,100. Despite this, the 1 year appreciation rate for houses in Paw Paw was 6.44%, which is still higher than the national average of 8.27%. Median value of homes in this area sits at $155,900. This makes it a great opportunity to invest in real estate as property values are likely to continue to rise in this area over the coming years.
The median home cost in Paw Paw is $155,900. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Paw Paw is up 8.8%.
Average Age of Homes
- The median age of Paw Paw real estate is 62 years old
The Rental Market in Paw Paw
- Renters make up 26.4% of the Paw Paw population
- 3.2% of houses and apartments in Paw Paw, 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.