Rio, IL is a great place to live with a relatively affordable housing market when compared to the US average. The median value of a house in Rio, IL is $119,300, significantly lower than the US median value of $338,100. Although the one year appreciation rate for houses in Rio has been slightly lower than the national rate at 7.76%, it still represents significant gains over the last few years. With its low prices and steady growth, Rio remains an attractive option for both first time buyers and long-term investors alike.
The median home cost in Rio is $119,300. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Rio is up 8.9%.
Average Age of Homes
- The median age of Rio real estate is 78 years old
The Rental Market in Rio
- Renters make up 19.8% of the Rio population
- 0.0% of houses and apartments in Rio, 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.