St. Elmo, IL is a great place to live for those looking for affordable housing. The median value of housing in St. Elmo is $83,100, which is significantly lower than the US house median value of $338,100. While the US house appreciation rate has been 8.27%, the 1 year appreciation rate for houses in St. Elmo has also seen an increase of 7.94%. These figures all point to St. Elmo being a great place to invest in real estate for its affordability and potential future returns on investment.
The median home cost in St. Elmo is $83,100. Home appreciation the last 10 years has been 47.0%. Home Appreciation in St. Elmo is up 9.4%.
Average Age of Homes
- The median age of St. Elmo real estate is 56 years old
The Rental Market in St. Elmo
- Renters make up 23.2% of the St. Elmo population
- 4.2% of houses and apartments in St. Elmo, 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.