The housing median value in Rochelle, IL is $142,900, which is considerably lower than the US house median value at $338,100. The US house appreciation for the past year was 8.27%, and the house appreciation for Rochelle, IL over the same time period was 7.18%. Therefore, living in Rochelle provides potential home buyers a more affordable option for owning a home than other parts of the country. Those looking to purchase a home in Rochelle can likely find a variety of properties that meet their budget and lifestyle needs.
The median home cost in Rochelle is $142,900. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Rochelle is up 14.1%.
Average Age of Homes
- The median age of Rochelle real estate is 53 years old
The Rental Market in Rochelle
- Renters make up 36.7% of the Rochelle population
- 2.6% of houses and apartments in Rochelle, 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.