The housing market in Woodlawn, IL is booming! The median value of homes in this community is $161,300, which is significantly lower than the US House Median Value of $338,100. But what's even more impressive is the 1 year house appreciation rate in Woodlawn at 18.28%, nearly double the US 1 year house appreciation rate of 8.27%. This means that housing values are increasing rapidly and homes are becoming more valuable every day. This current trend indicates a bright future for the real estate market in Woodlawn.
The median home cost in Woodlawn is $161,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Woodlawn is up 11.3%.
Average Age of Homes
- The median age of Woodlawn real estate is 29 years old
The Rental Market in Woodlawn
- Renters make up 14.3% of the Woodlawn population
- 5.4% of houses and apartments in Woodlawn, 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.