The housing market in Smithboro, IL is doing well, with a median value of $120,000. This is significantly lower than the U.S. house median value at $338,100, but the 1-year appreciation rate for houses in Smithboro is 10.25%, higher than the national average of 8.27%. This suggests that homes in Smithboro are appreciating faster than in other parts of the country and may be an attractive opportunity for prospective homebuyers looking to invest their money.
The median home cost in Smithboro is $120,000. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Smithboro is up 12.4%.
Average Age of Homes
- The median age of Smithboro real estate is 50 years old
The Rental Market in Smithboro
- Renters make up 6.0% of the Smithboro population
- 0.0% of houses and apartments in Smithboro, 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.