The housing market in Tonica, IL has a median value of $141,100, making it significantly lower than the US median value of $338,100. While the national house appreciation rate is 8.27%, the 1 year appreciation rate in Tonica, IL is 6.44%. This indicates that the housing market in Tonica is not appreciating as quickly as other areas of the country. Despite this, Tonica remains an attractive option for prospective homebuyers looking for affordable housing options.
The median home cost in Tonica is $141,100. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Tonica is up 8.8%.
Average Age of Homes
- The median age of Tonica real estate is 74 years old
The Rental Market in Tonica
- Renters make up 19.3% of the Tonica population
- 1.8% of houses and apartments in Tonica, 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.