The housing market in Broughton, IL (62817) is a great example of the current housing market situation in the United States. The median value of a home in Broughton is $106,400, which is significantly lower than the US median home value of $338,100. However, this lower value does not translate to slower house appreciation rates. In fact, the 1-year house appreciation rate in Broughton is 18.28%, which is higher than the US average of 8.27%. This means that investing in real estate in this area can be a smart move for potential homeowners looking for an affordable option or investors looking for a good return on their investment.
The median home cost in Broughton (zip 62817) is $106,400. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Broughton (zip 62817) is up 11.3%.
Average Age of Homes
- The median age of Broughton (zip 62817) real estate is 45 years old
The Rental Market in Broughton (zip 62817)
- Renters make up 13.4% of the Broughton (zip 62817) population
- 0.0% of houses and apartments in Broughton (zip 62817), 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.