The housing market in Fairview, IL (zip code 61432) is much lower than the nationwide median value. The median value in Fairview is $98,300, which is substantially less than the national median value of $338,100. Despite this disparity, Fairview has still seen an increase in housing value over the past year with a 7.76% appreciation rate — slightly lower than the national average of 8.27%. This suggests that while there may be more affordable options in Fairview compared to other parts of the country, it is still experiencing growth and appreciation in its housing market.
The median home cost in Fairview (zip 61432) is $98,300. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Fairview (zip 61432) is up 8.9%.
Average Age of Homes
- The median age of Fairview (zip 61432) real estate is 73 years old
The Rental Market in Fairview (zip 61432)
- Renters make up 13.5% of the Fairview (zip 61432) population
- 2.5% of houses and apartments in Fairview (zip 61432), 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.