The housing market in 61316 Cedar Point, IL is a very attractive option for potential homeowners. Median value of homes is $109,300, much lower than the US median value of $338,100. This presents a great opportunity for people looking to purchase a home in the area. Additionally, the 1 year appreciation rate for housing in 61316 Cedar Point, IL is 6.44%, which is lower than the US 1 year appreciation rate of 8.27%. This shows that homes in this area are becoming more affordable and attractive to potential buyers. Whether you're looking for a home to raise your family or an investment property, 61316 Cedar Point, IL offers many great opportunities for future homeowners.
The median home cost in Cedar Point (zip 61316) is $109,300. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Cedar Point (zip 61316) is up 8.8%.
Average Age of Homes
- The median age of Cedar Point (zip 61316) real estate is 74 years old
The Rental Market in Cedar Point (zip 61316)
- Renters make up 14.1% of the Cedar Point (zip 61316) population
- 0.0% of houses and apartments in Cedar Point (zip 61316), 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.