Raleigh, IL is a great place to buy a house. The median value of a house in the area is $95,200, which is much lower than the US median value of $338,100. In addition, over the past year Raleigh has experienced a 8.05% appreciation in housing market values, slightly lower than the 8.27% average for the US. If you're looking for a budget-friendly place to buy or invest in real estate, Raleigh is an excellent choice.
The median home cost in Raleigh is $95,200. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Raleigh is up 14.3%.
Average Age of Homes
- The median age of Raleigh real estate is 51 years old
The Rental Market in Raleigh
- Renters make up 14.6% of the Raleigh population
- 5.4% of houses and apartments in Raleigh, 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.