West Salem, IL is a small town located in Illinois with a population of just over 1,000 people. The median value of housing in West Salem is significantly lower than the U.S. house median value, at $57,500 compared to $338,100 across the U.S. However, despite the lower value of housing in West Salem, there has still been a strong appreciation rate of 7.94% over the past year which is just slightly below the national average of 8.27%. This shows that even in smaller towns such as West Salem, IL housing prices are still on the rise and it may be a good investment opportunity for those looking to purchase property in this area.
The median home cost in West Salem is $57,500. Home appreciation the last 10 years has been 47.0%. Home Appreciation in West Salem is up 9.4%.
Average Age of Homes
- The median age of West Salem real estate is 63 years old
The Rental Market in West Salem
- Renters make up 13.3% of the West Salem population
- 0.0% of houses and apartments in West Salem, 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.