The housing market in 62631 Concord, IL shows lower median values than the US median value of $338,100. The area has seen a slower rate of appreciation year over year with a 1 year appreciation rate of 6.36%, compared to the national average of 8.27%. This could be due to a variety of factors such as local regulations, availability or affordability of properties in the area, or simply supply and demand. Despite having lower median values, Concord is still a great place to invest in real estate due to its potential for future growth and appreciation.
The median home cost in Concord (zip 62631) is $126,600. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Concord (zip 62631) is up 11.6%.
Average Age of Homes
- The median age of Concord (zip 62631) real estate is 78 years old
The Rental Market in Concord (zip 62631)
- Renters make up 10.4% of the Concord (zip 62631) population
- 0.0% of houses and apartments in Concord (zip 62631), 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.