The city of Dewey, IL (61840) has a median value for housing of $273,300. This is significantly lower than the U.S. median house value of $338,100. However, in the past year Dewey's housing appreciation rate was 8.72%, which is slightly higher than the national rate of 8.27%. This suggests that the cost of housing in Dewey may be rising faster than the national average and could be an attractive option for homebuyers looking to balance affordability with solid investment potential.
The median home cost in Dewey (zip 61840) is $273,300. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Dewey (zip 61840) is up 14.5%.
Average Age of Homes
- The median age of Dewey (zip 61840) real estate is 40 years old
The Rental Market in Dewey (zip 61840)
- Renters make up 14.9% of the Dewey (zip 61840) population
- 0.0% of houses and apartments in Dewey (zip 61840), 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.