South Chicago Heights, IL is a great place to own a home. The median value of housing is $152,800 which is much lower than the US house median value of $338,100. Despite the lower price tag, the 1 year appreciation rate of 9.35% in South Chicago Heights is higher than the nationwide average of 8.27%. This makes it a good investment for those looking to buy or invest in residential real estate in the area.
The median home cost in South Chicago Heights is $152,800. Home appreciation the last 10 years has been 66.0%. Home Appreciation in South Chicago Heights is up 13.7%.
Average Age of Homes
- The median age of South Chicago Heights real estate is 60 years old
The Rental Market in South Chicago Heights
- Renters make up 27.2% of the South Chicago Heights population
- 1.1% of houses and apartments in South Chicago Heights, 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.