Radom, IL is a great place for anyone looking to invest in real estate. The median value of houses in Radom is much lower than the national average at $77,500 compared to $338,100, making it a more affordable option. While the one-year appreciation rate of 8.27% across the US is already impressive, Radom has seen an even higher increase in house values with an appreciation rate of 18.28%. This makes investing in property in Radom a great financial decision with potentially high returns.
The median home cost in Radom is $77,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Radom is up 11.3%.
Average Age of Homes
- The median age of Radom real estate is 48 years old
The Rental Market in Radom
- Renters make up 3.9% of the Radom population
- 5.7% of houses and apartments in Radom, 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.