The housing market in Lee, IL County is quite strong. According to the statistics provided, the median value of a house in Lee, IL County is $133,400 which is significantly lower than the US House Median Value of $338,100. However, the rate of appreciation over the past year has been quite high with a 7.05% rise in house prices compared to 8.27% nationally. This shows that while the prices may be lower than other areas, buyers can still expect to see a consistent increase in their investment.
The median home cost in Lee County is $133,400. Home appreciation the last 10 years has been 47.8%. Home Appreciation in Lee County is up 13.0%.
Average Age of Homes
- The median age of Lee County real estate is 60 years old
The Rental Market in Lee County
- Renters make up 23.1% of the Lee County population
- 1.7% of houses and apartments in Lee 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.