The housing market in Crystal Lake, IL is a competitive one. The median housing value in the area stands at $400,700, which is significantly higher than the US median of $338,100. Additionally, in the past year the US housing appreciation rate was 8.27%, while in Crystal Lake it was 8.83%. This indicates that homes in Crystal Lake are appreciating faster than those around the country. Given these factors, those looking to invest or buy a home in Crystal Lake should act quickly to take advantage of the current market conditions.
The median home cost in Crystal Lake (zip 60012) is $400,700. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Crystal Lake (zip 60012) is up 14.5%.
Average Age of Homes
- The median age of Crystal Lake (zip 60012) real estate is 29 years old
The Rental Market in Crystal Lake (zip 60012)
- Renters make up 9.2% of the Crystal Lake (zip 60012) population
- 0.8% of houses and apartments in Crystal Lake (zip 60012), 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.