The housing market in Savanna, IL is significantly lower than the US median value. Despite this, it has had a comparable 1 year house appreciation of 7.18%, only 0.9% less than the US average of 8.27%. This indicates that the housing market can still provide good return on investment for buyers in this area. Despite the lower median values, Savanna still offers property at an affordable price point with potential for good returns on investment.
The median home cost in Savanna is $73,500. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Savanna is up 14.1%.
Average Age of Homes
- The median age of Savanna real estate is 77 years old
The Rental Market in Savanna
- Renters make up 32.9% of the Savanna population
- 4.0% of houses and apartments in Savanna, 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.