Essex, IL is an ideal place for those looking to purchase a home. The median value of housing in Essex is $222,800 which is significantly lower than the US House Median Value of $338,100. In recent years, the US has seen an appreciation of 8.27% in housing values whereas the 1 year house appreciation in Essex is slightly lower at 7.34%. This suggests that while real estate prices are still rising in Essex they are doing so at a slower rate compared to other areas in the US making this an attractive option for those looking to invest or purchase homes.
The median home cost in Essex (zip 60935) is $222,800. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Essex (zip 60935) is up 15.4%.
Average Age of Homes
- The median age of Essex (zip 60935) real estate is 37 years old
The Rental Market in Essex (zip 60935)
- Renters make up 7.4% of the Essex (zip 60935) population
- 0.0% of houses and apartments in Essex (zip 60935), 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.