Wheeler, IL is a small town located in the northern part of Illinois. The median value of housing in Wheeler is $57,600 which is significantly lower than the United States median value of $338,100. In the past year, the US has experienced an 8.27% appreciation rate in housing prices and Wheeler has experienced a slightly lower 7.94% appreciation rate. Although house prices have still risen in this small town, it can be seen that they are rising at a slower rate compared to the national average. This could be attributed to the fact that Wheeler is a smaller town with fewer housing options for potential buyers. Despite this, the housing market in Wheeler remains relatively affordable and is still rising steadily in value each year.
The median home cost in Wheeler is $57,600. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Wheeler is up 9.4%.
Average Age of Homes
- The median age of Wheeler real estate is 52 years old
The Rental Market in Wheeler
- Renters make up 13.4% of the Wheeler population
- 0.0% of houses and apartments in Wheeler, 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.