The housing market in Shumway, IL is relatively strong and stable. The median value of a house in the area is $168,100, which is much lower than the US median value of $338,100. Despite this, the one year house appreciation rate in Shumway is 7.94%, just slightly lower than the national average of 8.27%. This signifies that there is a demand for property in the area and shows potential for home owners to see a healthy return on their investment over time.
The median home cost in Shumway is $168,100. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Shumway is up 9.4%.
Average Age of Homes
- The median age of Shumway real estate is 62 years old
The Rental Market in Shumway
- Renters make up 3.8% of the Shumway population
- 0.0% of houses and apartments in Shumway, 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.