Galena, MO is an attractive spot for potential homeowners due to the high median value of housing and the impressive 1 year house appreciation rate. At $119,400, the median value in Galena is significantly lower than the national median of $338,100. In addition, the 1 year house appreciation rate in Galena stands at 17.08%, which is nearly double the US appreciation rate of 8.27%. All these factors contribute to making Galena a desirable place to invest in real estate for those looking for an affordable price point and a strong return on their investment.
The median home cost in Galena is $119,400. Home appreciation the last 10 years has been 92.6%. Home Appreciation in Galena is up 21.4%.
Average Age of Homes
- The median age of Galena real estate is 45 years old
The Rental Market in Galena
- Renters make up 28.7% of the Galena population
- 0.0% of houses and apartments in Galena, 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.