The housing market in Alma, IL (zip code 62807) is booming. According to recent data, the median value of housing in this area is $162,200, considerably lower than the US median value of $338,100. What's more, the appreciation rate of 1 year for houses in this region has been 18.28%, which is higher than the 8.27% average for all of the United States. This indicates that Alma's property values are growing at a faster rate than most other areas - making it an attractive option for those looking to invest in real estate.
The median home cost in Alma (zip 62807) is $162,200. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Alma (zip 62807) is up 11.3%.
Average Age of Homes
- The median age of Alma (zip 62807) real estate is 46 years old
The Rental Market in Alma (zip 62807)
- Renters make up 16.7% of the Alma (zip 62807) population
- 0.0% of houses and apartments in Alma (zip 62807), 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.