The housing market in Standard, IL is quite attractive compared to the national median value. The median value of homes in Standard, IL is $99,300, approximately 70% lower than the US national median value of $338,100. Despite this significant difference in median values, the 1 year house appreciation for Standard, IL remains strong at 6.44%, just under the US average of 8.27%. This suggests that investing in real estate in this area can be profitable and desirable for its excellent value and strong appreciation.
The median home cost in Standard is $99,300. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Standard is up 8.8%.
Average Age of Homes
- The median age of Standard real estate is 63 years old
The Rental Market in Standard
- Renters make up 26.9% of the Standard population
- 0.0% of houses and apartments in Standard, 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.