The housing market in Bowen, Illinois (62316) is a great opportunity for potential homebuyers. The median value of homes in this area is $78,700, which is considerably lower than the US median value of $338,100. While the US has seen a 1 year house appreciation rate of 8.27%, Bowen’s 1 year house appreciation rate comes to 7.86%. With these favorable conditions and comparatively low prices, this could be an ideal location for those looking to purchase their first home or invest in real estate.
The median home cost in Bowen (zip 62316) is $78,700. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Bowen (zip 62316) is up 14.9%.
Average Age of Homes
- The median age of Bowen (zip 62316) real estate is 78 years old
The Rental Market in Bowen (zip 62316)
- Renters make up 11.6% of the Bowen (zip 62316) population
- 0.0% of houses and apartments in Bowen (zip 62316), 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.