Phoenix, IL is an attractive place for housing investments due to its median housing value being significantly lower than the US median housing value. Currently, the median value of a house in Phoenix, IL is $95,000 while the US median value is $338,100. In addition to offering a much more affordable housing market than the national average, Phoenix, IL has also experienced higher home appreciation over the past year with an increase of 9.35%, compared to 8.27% nationally. With these factors in mind, it's clear that Phoenix, IL has become an excellent location for anyone looking to invest in housing.
The median home cost in Phoenix is $95,000. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Phoenix is up 13.7%.
Average Age of Homes
- The median age of Phoenix real estate is 57 years old
The Rental Market in Phoenix
- Renters make up 39.4% of the Phoenix population
- 2.0% of houses and apartments in Phoenix, 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.