The housing market in Watson, IL is very favorable compared to the national average. The median house value in Watson is currently $139,400, significantly lower than the national average of $338,100. Even with a lower median house value, Watson has still seen an appreciation of 7.94% over the last year, only slightly less than the US 1 year house appreciation rate of 8.27%. This makes it an attractive place to buy a home for anyone looking to get into the housing market while keeping costs down.
The median home cost in Watson is $139,400. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Watson is up 9.4%.
Average Age of Homes
- The median age of Watson real estate is 42 years old
The Rental Market in Watson
- Renters make up 7.9% of the Watson population
- 2.4% of houses and apartments in Watson, 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.