The housing market in Rankin, IL is quite affordable compared to the national median value of $338,100. The median value for housing in Rankin, IL is $65,500 and has seen an appreciation rate of 7.34% over the last year. This is slightly below the national 1 year house appreciation rate of 8.27%. Overall, Rankin can be a great place for those looking to purchase a home at an accessible price and with potential for reasonable appreciation.
The median home cost in Rankin is $65,500. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Rankin is up 15.4%.
Average Age of Homes
- The median age of Rankin real estate is 78 years old
The Rental Market in Rankin
- Renters make up 19.5% of the Rankin population
- 0.0% of houses and apartments in Rankin, 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.