Pearl City, IL is a great place to live for those looking to purchase a home. The median value of housing in Pearl City is $174,600, which is significantly lower than the national median value of $338,100. Even though the house appreciation rate for the US is 8.27%, Pearl City has nearly matched that with an appreciation rate of 7.18%. Therefore, Pearl City may be more affordable and still offer good returns on investment due to its lower cost and strong appreciation rate.
The median home cost in Pearl City is $174,600. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Pearl City is up 14.1%.
Average Age of Homes
- The median age of Pearl City real estate is 69 years old
The Rental Market in Pearl City
- Renters make up 25.2% of the Pearl City population
- 0.0% of houses and apartments in Pearl 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.