The housing market in Warsaw, IL is significantly less expensive than the rest of the United States, with a median value for a home being 91,700 as opposed to U.S. median of 338,100. Despite being cheaper, the appreciation rate for housing in Warsaw is still high and has been 7.86% in the last year compared to 8.27% nationwide. This indicates that demand for homes in Warsaw is strong and buyers feel confident that their property will continue to increase in value over time.
The median home cost in Warsaw is $91,700. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Warsaw is up 14.9%.
Average Age of Homes
- The median age of Warsaw real estate is 78 years old
The Rental Market in Warsaw
- Renters make up 15.6% of the Warsaw population
- 7.9% of houses and apartments in Warsaw, 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.