The housing market in Effingham, IL County is relatively affordable compared to the national average. The median house value is $175,300 which is significantly lower than the US median of $338,100. Despite this price difference, the 1 year appreciation rate for houses in Effingham County is still quite good at 7.96%, just slightly under the US rate of 8.27%. This suggests that there is strong potential for future growth in the local housing market and may be an attractive option for buyers looking for a great deal.
The median home cost in Effingham County is $175,300. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Effingham County is up 9.4%.
Average Age of Homes
- The median age of Effingham County real estate is 41 years old
The Rental Market in Effingham County
- Renters make up 19.0% of the Effingham County population
- 1.5% of houses and apartments in Effingham County, 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.