The housing in Tallula, IL is quite affordable compared to the US median house value of $338,100. The median house value in Tallula stands at $88,600 which is significantly lower than the national average. While the appreciation rate of houses in the United States was 8.27%, Tallula's appreciation rate was 6.36%. This suggests that while housing values are increasing across most of the country, it is increasing at a slower rate in Tallula. Overall, living in this city can be a great opportunity for those looking for an affordable home with slow but steady growth potential.
The median home cost in Tallula is $88,600. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Tallula is up 11.6%.
Average Age of Homes
- The median age of Tallula real estate is 71 years old
The Rental Market in Tallula
- Renters make up 19.5% of the Tallula population
- 0.0% of houses and apartments in Tallula, 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.