Galesburg Metro Area, IL Housing

The housing market in Galesburg, IL Metro Area is quite strong, with the median value of homes being $88,400. This is significantly lower than the US median value of $338,100 and the one year appreciation rate for houses in this area is 7.40%, slightly lower than the national average of 8.27%. Despite being lower than average, this appreciation rate suggests that people in Galesburg are seeing a positive return on their investments in real estate, making it an attractive place to buy a house or start investing in property.

The median home cost in Galesburg Metro Area is $88,400. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Galesburg Metro Area is up 8.9%.

Average Age of Homes

- The median age of Galesburg Metro Area real estate is 61 years old

The Rental Market in Galesburg Metro Area

- Renters make up 29.7% of the Galesburg Metro Area population
- 1.9% of houses and apartments in Galesburg Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Galesburg, Illinois	United States
	23,839.0	139,647,020.0
	65	42
	$88,400	$338,100
	8.9%	16.6%
	28.9%	57.0%
	28.7%	101.1%
	$21.09	$10.98
	$1,820	$2,690
	58.4%	57.4%
	13.7%	11.2%
	27.9%	31.4%
Vacant Housing
	1.9%	1.9%
	0.1%	0.4%
	1.1%	0.7%
	0.4%	0.4%
	2.2%	3.6%
	8.0%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	6.1%	2.4%
	13.7%	2.8%
	21.1%	3.9%
	16.1%	4.5%
	19.2%	11.3%
	8.3%	13.0%
	7.6%	20.1%
	2.6%	13.6%
	1.1%	8.3%
	0.7%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.4%	13.6%
	3.4%	13.6%
	6.7%	13.6%
	5.2%	13.2%
	18.0%	14.8%
	6.7%	13.6%
	16.2%	10.0%
	4.5%	4.7%
	35.8%	12.2%

Reviews for Galesburg

See all (0)

Write a Review

Start Your Review of Galesburg

Commute