Prairie Grove, IL is a great place to invest in housing. The median value of homes in the area is $405,400, which is higher than the US house median value of $338,100. Additionally, the 1 year appreciation rate for houses in Prairie Grove is 8.83%, which is greater than the national average of 8.27%. With such strong value and appreciation rates, investing in housing in Prairie Grove can be a sound financial decision.
The median home cost in Prairie Grove is $405,400. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Prairie Grove is up 14.5%.
Average Age of Homes
- The median age of Prairie Grove real estate is 21 years old
The Rental Market in Prairie Grove
- Renters make up 16.4% of the Prairie Grove population
- 0.0% of houses and apartments in Prairie Grove, 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.