The housing market in Preston Heights, IL is thriving with a median home value of $140,400. This price is substantially lower than the US median home value of $338,100. In addition, the 1 year house appreciation rate for Preston Heights is 9.35%, higher than the US average of 8.27%. These figures show that there are affordable housing options for those looking to buy in Preston Heights and that the housing market is growing quickly.
The median home cost in Preston Heights is $140,400. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Preston Heights is up 13.7%.
Average Age of Homes
- The median age of Preston Heights real estate is 55 years old
The Rental Market in Preston Heights
- Renters make up 30.3% of the Preston Heights population
- 1.2% of houses and apartments in Preston Heights, 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.