The housing market in Polo, IL is considerably lower than the US average. The median value of a home in Polo, IL is $125,200 compared to the US median value of $338,100. However, the appreciation rate for homes in Polo, IL over the past year has been nearly on par with the national average at 7.18% compared to 8.27%. This could be a sign of positive growth in the local housing market and an attractive opportunity for potential buyers looking to purchase a less expensive home.
The median home cost in Polo is $125,200. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Polo is up 14.1%.
Average Age of Homes
- The median age of Polo real estate is 75 years old
The Rental Market in Polo
- Renters make up 18.7% of the Polo population
- 0.0% of houses and apartments in Polo, 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.