The housing market in Vernon Hills, IL is performing well compared to the US as a whole. The median value of houses in Vernon Hills is $356,100, which is higher than the US median value of $338,100. Furthermore, the one-year appreciation rate for houses in Vernon Hills is 8.83%, which is higher than the average US one-year appreciation rate of 8.27%. This indicates that house prices in Vernon Hills have been increasing at a faster rate than many other areas across the country.
The median home cost in Vernon Hills is $356,100. Home appreciation the last 10 years has been 50.1%. Home Appreciation in Vernon Hills is up 8.8%.
Average Age of Homes
- The median age of Vernon Hills real estate is 29 years old
The Rental Market in Vernon Hills
- Renters make up 26.9% of the Vernon Hills population
- 3.2% of houses and apartments in Vernon Hills, 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.