Savoy, IL Housing

Savoy, IL is a great place to live with its attractive housing market. The median value of houses in Savoy is $297,300 which is significantly lower than the US house median value of $338,100. Considering the US 1 year house appreciation rate of 8.27%, Savoy has experienced an even higher rate of 8.72%. This makes it very attractive for those looking to invest in a home and provides the opportunity to get a good amount of return on investment in the future. With this opportunity in mind, Savoy is quickly becoming one of the most popular places to call home.

The median home cost in Savoy is $297,300. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Savoy is up 14.5%.

Average Age of Homes

- The median age of Savoy real estate is 23 years old

The Rental Market in Savoy

- Renters make up 46.4% of the Savoy population
- 5.4% of houses and apartments in Savoy, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Savoy, Illinois	United States
	3,827.0	139,647,020.0
	26	42
	$297,300	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$20.29	$10.98
	$4,841	$2,690
	51.8%	57.4%
	9.6%	11.2%
	38.7%	31.4%
Vacant Housing
	5.4%	1.9%
	1.5%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	1.7%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.5%	2.4%
	0.0%	2.8%
	1.5%	3.9%
	0.7%	4.5%
	13.8%	11.3%
	14.4%	13.0%
	40.8%	20.1%
	23.7%	13.6%
	2.5%	8.3%
	1.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	23.7%	13.6%
	23.7%	13.6%
	20.8%	13.6%
	11.4%	13.2%
	15.2%	14.8%
	20.8%	13.6%
	3.1%	10.0%
	0.4%	4.7%
	1.6%	12.2%