Belleville, IL has a median house value of $144,700, which is much lower than the US median house value of $338,100. Despite this difference in home values, Belleville has seen a higher appreciation rate for housing over the past year at 10.25%, compared to the US rate of 8.27%. This indicates that more people are looking to purchase homes in this area and are optimistic about its future prospects. Investing in housing in Belleville appears to be a safe bet right now as it is seeing healthy growth and offers an attractive price point for potential buyers.
The median home cost in Belleville (zip 62223) is $144,700. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Belleville (zip 62223) is up 12.4%.
Average Age of Homes
- The median age of Belleville (zip 62223) real estate is 54 years old
The Rental Market in Belleville (zip 62223)
- Renters make up 22.7% of the Belleville (zip 62223) population
- 1.6% of houses and apartments in Belleville (zip 62223), 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.