The median value of housing in 62206 Cahokia, IL is $39,300, significantly below the national median value of $338,100. The US 1 year house appreciation rate is 8.27%, but the rate for housing in 62206 Cahokia, IL has been even higher at 10.25%. This suggests that there may be some potential for homeownership in this area as housing values are appreciating faster than the national average. While the cost of living may be lower here than other parts of the country, potential homebuyers should still exercise caution and carefully consider their options before making any major decisions about purchasing a home.
The median home cost in Cahokia (zip 62206) is $39,300. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Cahokia (zip 62206) is up 12.4%.
Average Age of Homes
- The median age of Cahokia (zip 62206) real estate is 58 years old
The Rental Market in Cahokia (zip 62206)
- Renters make up 36.9% of the Cahokia (zip 62206) population
- 2.3% of houses and apartments in Cahokia (zip 62206), 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.