The housing market in Des Plaines, IL (zip code 60016) has shown strong appreciation over the past year. The median value of homes in the area is currently $246,200, which is significantly lower than the US median home value of $338,100. However, house prices in Des Plaines have appreciated by 8.83% over the past year, which is slightly higher than the US 1 year house appreciation rate of 8.27%. This indicates that homeowners in Des Plaines are likely to continue to see increases in their home values and a solid return on their investments.
The median home cost in Des Plaines (zip 60016) is $246,200. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Des Plaines (zip 60016) is up 14.5%.
Average Age of Homes
- The median age of Des Plaines (zip 60016) real estate is 46 years old
The Rental Market in Des Plaines (zip 60016)
- Renters make up 28.0% of the Des Plaines (zip 60016) population
- 1.3% of houses and apartments in Des Plaines (zip 60016), 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.