Tower Lakes, IL is a great place to call home with its median housing value standing at $500,800. This is substantially higher than the US median house value of $338,100, indicating that it is a desirable area to live in. Furthermore, the one year appreciation rate for housing in Tower Lakes is 8.83%, higher than the national average of 8.27%. This indicates that there has been a steady growth in property prices over recent years and owning a home in this charming town can be an excellent long term investment.
The median home cost in Tower Lakes is $500,800. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Tower Lakes is up 14.5%.
Average Age of Homes
- The median age of Tower Lakes real estate is 47 years old
The Rental Market in Tower Lakes
- Renters make up 4.3% of the Tower Lakes population
- 0.0% of houses and apartments in Tower Lakes, 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.