Zip 62838 (Farina, IL) Housing

Housing in 62838 Farina, IL is considerably more affordable than the median US housing value. The median value of a house in this area is $91,500, while the median US housing value is much higher at $338,100. Despite the lower cost of housing in 62838 Farina, IL, it has seen an impressive one-year appreciation rate of 18.28%, which is far greater than the one-year appreciation rate for US housing of 8.27%. This shows that investment in this area can be incredibly lucrative and a great opportunity for potential homeowners or investors.

The median home cost in Farina (zip 62838) is $91,500. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Farina (zip 62838) is up 11.3%.

Average Age of Homes

- The median age of Farina (zip 62838) real estate is 54 years old

The Rental Market in Farina (zip 62838)

- Renters make up 19.0% of the Farina (zip 62838) population
- 0.5% of houses and apartments in Farina (zip 62838), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Farina, Illinois	United States
	793.0	139,647,020.0
	51	42
	$91,500	$338,100
	11.3%	16.6%
	35.2%	57.0%
	43.5%	101.1%
	$14.85	$10.98
	$1,160	$2,690
	73.0%	57.4%
	12.1%	11.2%
	14.9%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	1.9%	0.7%
	0.0%	0.4%
	5.4%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	9.5%	2.6%
	13.5%	2.4%
	13.0%	2.8%
	15.2%	3.9%
	4.3%	4.5%
	11.9%	11.3%
	14.0%	13.0%
	7.4%	20.1%
	5.2%	13.6%
	0.5%	8.3%
	3.5%	9.7%
	0.0%	3.9%
	2.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.0%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	13.5%	13.6%
	12.6%	13.2%
	11.6%	14.8%
	13.5%	13.6%
	15.1%	10.0%
	11.0%	4.7%
	18.2%	12.2%

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