The housing market in 62422 Cowden, IL is currently quite affordable. The median value of housing in the area is $97,700, which is much lower than the US House Median Value of $338,100. Additionally, the rate of house appreciation over the past year stands at 7.94%, slightly lower than the US average of 8.27%. This makes 62422 Cowden an attractive location for anyone looking to purchase a home at a more reasonable price or invest in real estate and enjoy some appreciation on their investment.
The median home cost in Cowden (zip 62422) is $97,700. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Cowden (zip 62422) is up 9.4%.
Average Age of Homes
- The median age of Cowden (zip 62422) real estate is 45 years old
The Rental Market in Cowden (zip 62422)
- Renters make up 15.4% of the Cowden (zip 62422) population
- 1.6% of houses and apartments in Cowden (zip 62422), 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.