The housing market in Pontiac, IL Metro Area is thriving, with a median value of $124,600. This is significantly lower than the US median house value of $338,100. In the last year alone the US saw an appreciation in house values of 8.27%. However, Pontiac experienced even higher appreciation at 12.33%, indicating that it is a desirable and growing market for prospective homeowners. With steady growth and attractive values, Pontiac remains an appealing place to purchase a home.
The median home cost in Pontiac Metro Area is $124,600. Home appreciation the last 10 years has been 46.1%. Home Appreciation in Pontiac Metro Area is up 15.4%.
Average Age of Homes
- The median age of Pontiac Metro Area real estate is 58 years old
The Rental Market in Pontiac Metro Area
- Renters make up 24.8% of the Pontiac Metro Area population
- 1.4% of houses and apartments in Pontiac 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.