The housing market in Berwyn, IL (zip code 60402) is doing very well. The median value of the homes in this area is $252,200 which is significantly lower than the US median home value of $338,100. Homes in Berwyn have shown an appreciation rate of 9.35%, higher than the US average appreciation rate of 8.27%. This illustrates a healthy and vibrant housing market with more people wanting to move into the area and invest in property. Consequently, real estate values are expected to continue increasing as demand increases.
The median home cost in Berwyn (zip 60402) is $252,200. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Berwyn (zip 60402) is up 13.7%.
Average Age of Homes
- The median age of Berwyn (zip 60402) real estate is 78 years old
The Rental Market in Berwyn (zip 60402)
- Renters make up 33.7% of the Berwyn (zip 60402) population
- 1.4% of houses and apartments in Berwyn (zip 60402), 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.