The housing market in 60104 Bellwood, IL is thriving. The median value of houses in the area is currently $212,400, which is significantly lower than the United States house median value of $338,100. Despite this difference in price, the appreciation rate for houses has been on a steady rise; over the past year it has been 9.73%, while the national average was 8.27%. This makes Bellwood an attractive place to buy a home as it serves as a great opportunity for potential homeowners to purchase a property at a lower cost and still see their investment appreciate quickly.
The median home cost in Bellwood (zip 60104) is $212,400. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Bellwood (zip 60104) is up 12.6%.
Average Age of Homes
- The median age of Bellwood (zip 60104) real estate is 62 years old
The Rental Market in Bellwood (zip 60104)
- Renters make up 23.3% of the Bellwood (zip 60104) population
- 1.1% of houses and apartments in Bellwood (zip 60104), 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.