The housing market in Philo, IL is doing well compared to the national average. The median value of homes in Philo, IL is $204,900 - significantly lower than the US House Median Value of $338,100. Over the past year, home values in Philo have appreciated by 8.72%, which is slightly higher than the national appreciation of 8.27%. This indicates that the housing market in Philo is booming and there are a lot of great opportunities for homeowners and investors alike.
The median home cost in Philo is $204,900. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Philo is up 14.5%.
Average Age of Homes
- The median age of Philo real estate is 44 years old
The Rental Market in Philo
- Renters make up 17.9% of the Philo population
- 0.8% of houses and apartments in Philo, 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.