Zip 62011 (Bingham, IL) Housing

The housing market in 62011 Bingham, IL is generally affordable, with the median value of housing being $124,800. This is significantly lower than the United States' median value of $338,100. Despite this difference, 62011 Bingham, IL has seen a relatively strong appreciation rate in the past year at 7.96%, which is just slightly lower than the national average of 8.27%. The housing market in 62011 Bingham, IL shows promise for those looking for a cost effective opportunity to invest in real estate.

The median home cost in Bingham (zip 62011) is $124,800. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Bingham (zip 62011) is up 10.0%.

Average Age of Homes

- The median age of Bingham (zip 62011) real estate is 47 years old

The Rental Market in Bingham (zip 62011)

- Renters make up 12.3% of the Bingham (zip 62011) population
- 0.0% of houses and apartments in Bingham (zip 62011), 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	Bingham, Illinois	United States
	126.0	139,647,020.0
	56	42
	$124,800	$338,100
	10.0%	16.6%
	35.8%	57.0%
	42.8%	101.1%
	$16.69	$10.98
	$2,029	$2,690
	83.3%	57.4%
	16.7%	11.2%
	0.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	4.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	12.7%	4.1%
Value of Owner-Occupied Housing
	36.2%	2.6%
	7.6%	2.4%
	2.9%	2.8%
	2.9%	3.9%
	5.7%	4.5%
	3.8%	11.3%
	10.5%	13.0%
	16.2%	20.1%
	14.3%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.4%	13.6%
	2.4%	13.6%
	0.8%	13.6%
	11.1%	13.2%
	17.5%	14.8%
	0.8%	13.6%
	0.0%	10.0%
	0.0%	4.7%
	68.3%	12.2%

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