University Park, IL is a great city for anyone looking to invest in real estate. The median value of housing in the area is currently at $162,800, which is significantly lower than the US House Median Value of $338,100. In addition, the 1 year House Appreciation rate in University Park is 9.35%, higher than the US 1 year House Appreciation rate of 8.27%. This means that University Park provides an excellent opportunity for prospective home owners to make a sound investment.
The median home cost in University Park is $162,800. Home appreciation the last 10 years has been 66.0%. Home Appreciation in University Park is up 13.7%.
Average Age of Homes
- The median age of University Park real estate is 42 years old
The Rental Market in University Park
- Renters make up 41.7% of the University Park population
- 3.7% of houses and apartments in University Park, 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.