The housing market in 62234 Collinsville, IL is thriving. The median value of housing in the area is $158,000, which is significantly lower than the national average median value of $338,100. In the past year, there has been an 8.27% appreciation rate in US homes and a 10.25% appreciation rate in 62234 Collinsville, IL homes. This indicates that real estate in the area is becoming increasingly valuable and may be a great opportunity for potential buyers or investors looking to get into the housing market.
The median home cost in Collinsville (zip 62234) is $158,000. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Collinsville (zip 62234) is up 12.4%.
Average Age of Homes
- The median age of Collinsville (zip 62234) real estate is 47 years old
The Rental Market in Collinsville (zip 62234)
- Renters make up 31.9% of the Collinsville (zip 62234) population
- 1.3% of houses and apartments in Collinsville (zip 62234), 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.