The housing market in 62837 Fairfield, IL is booming. The median value of a home in the area is currently $100,000, which is considerably lower than the US median value of $338,100. Over the past year, however, this number has increased by an impressive 18.28%, compared to the US 1 year house appreciation rate of 8.27%. This shows that Fairfield's housing market is growing at a faster rate than the national trend and makes it an attractive option for those looking to buy a property in the area.
The median home cost in Fairfield (zip 62837) is $100,000. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Fairfield (zip 62837) is up 11.3%.
Average Age of Homes
- The median age of Fairfield (zip 62837) real estate is 45 years old
The Rental Market in Fairfield (zip 62837)
- Renters make up 23.1% of the Fairfield (zip 62837) population
- 0.2% of houses and apartments in Fairfield (zip 62837), 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.