The housing market in Standard City, IL is quite affordable compared to the rest of the US. The median value of homes in Standard City is $81,600 whereas the national house median value is $338,100. This difference in values results in a lower 1 year house appreciation rate for Standard City at 6.36%, which is much lower than the US average of 8.27%. Therefore, Standard City provides an attractive option for those looking for a more cost effective housing market.
The median home cost in Standard City is $81,600. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Standard City is up 11.6%.
Average Age of Homes
- The median age of Standard City real estate is 42 years old
The Rental Market in Standard City
- Renters make up 16.5% of the Standard City population
- 5.8% of houses and apartments in Standard City, 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.