Washington Park, IL is a great place to live and own a home. The median value of homes in the area is $50,300, which is significantly lower than the US Median Value of $338,100. However, Washington Park has seen a 1 year appreciation rate of 10.25%, which is higher than the US average of 8.27%. This makes it an attractive option for people looking to buy or invest in housing in this area. It's also a great place to live due to its convenient location and excellent amenities.
The median home cost in Washington Park is $50,300. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Washington Park is up 12.4%.
Average Age of Homes
- The median age of Washington Park real estate is 67 years old
The Rental Market in Washington Park
- Renters make up 32.7% of the Washington Park population
- 0.6% of houses and apartments in Washington 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.