The housing market in Villa Grove, IL is booming. The median value of a home is $112,600, which is significantly lower than the US median of $338,100. However, over the past year Villa Grove has seen an impressive appreciation rate of 18.98%, nearly double the national average of 8.27%. This means that homes have increased in value substantially and could be a great opportunity for potential buyers looking to invest in a good property.
The median home cost in Villa Grove is $112,600. Home appreciation the last 10 years has been 43.3%. Home Appreciation in Villa Grove is up 13.5%.
Average Age of Homes
- The median age of Villa Grove real estate is 61 years old
The Rental Market in Villa Grove
- Renters make up 23.3% of the Villa Grove population
- 1.6% of houses and apartments in Villa Grove, 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.