The housing in Warren, IL is very affordable compared to the national median value. The median value of a house in Warren is $86,800 which is significantly lower than the national median value of $338,100. Despite this being cheaper than the US average, there has been an increase in property values over the last year with an appreciation rate of 7.18%, only slightly lower than the national average of 8.27%. This indicates that Warren is becoming an increasingly attractive option for potential homeowners looking for a more affordable area to live in.
The median home cost in Warren is $86,800. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Warren is up 14.1%.
Average Age of Homes
- The median age of Warren real estate is 70 years old
The Rental Market in Warren
- Renters make up 15.7% of the Warren population
- 1.0% of houses and apartments in Warren, 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.