Zip 61008 (Belvidere, IL) Housing

Housing in 61008 Belvidere, IL is relatively affordable compared to the nationwide average. The median value of homes in 61008 is $192,900, which is significantly lower than the US median value of $338,100. Despite this lower price point, home appreciation in 61008 has still been strong in the past year with an increase of 7.18%, actually slightly higher than the national average of 8.27%. Belvidere homeowners have seen strong return on their investments and this trend looks set to continue into the future.

The median home cost in Belvidere (zip 61008) is $192,900. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Belvidere (zip 61008) is up 14.1%.

Average Age of Homes

- The median age of Belvidere (zip 61008) real estate is 38 years old

The Rental Market in Belvidere (zip 61008)

- Renters make up 19.0% of the Belvidere (zip 61008) population
- 1.2% of houses and apartments in Belvidere (zip 61008), 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	Belvidere, Illinois	United States
	13,226.0	139,647,020.0
	45	42
	$192,900	$338,100
	14.1%	16.6%
	42.4%	57.0%
	50.3%	101.1%
	$24.64	$10.98
	$3,847	$2,690
	75.1%	57.4%
	5.3%	11.2%
	19.7%	31.4%
Vacant Housing
	1.2%	1.9%
	0.3%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	2.3%	2.4%
	3.3%	2.8%
	5.9%	3.9%
	11.9%	4.5%
	20.6%	11.3%
	23.5%	13.0%
	17.8%	20.1%
	7.5%	13.6%
	2.6%	8.3%
	1.7%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	18.3%	13.6%
	18.3%	13.6%
	16.6%	13.6%
	7.3%	13.2%
	17.3%	14.8%
	16.6%	13.6%
	5.3%	10.0%
	3.7%	4.7%
	19.0%	12.2%

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