The housing market in Richview, IL is a thriving one with the median value of homes currently sitting at $96,000. This is significantly lower than the US House Median Value which is set at $338,100, but what makes Richview particularly attractive is its higher house appreciation rate of 18.28%, compared to the 8.27% across the US. This robust growth makes it an attractive prospect for potential buyers and investors alike due to the larger returns that can be reaped from investing in this area.
The median home cost in Richview is $96,000. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Richview is up 11.3%.
Average Age of Homes
- The median age of Richview real estate is 45 years old
The Rental Market in Richview
- Renters make up 17.7% of the Richview population
- 0.0% of houses and apartments in Richview, 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.