The housing market in 62336 Ferris, IL is generally in line with the national housing market, with the median value of homes at $86,500. In the past year, house appreciation has been 7.86%, slightly lower than the national average of 8.27%. This could indicate that there are some bargains to be had in this area if you are considering purchasing a home. Despite the slightly lower appreciation rate when compared to other areas across the country, prospects for growth still appear promising in Ferris as it follows national market trends closely.
The median home cost in Ferris (zip 62336) is $86,500. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Ferris (zip 62336) is up 14.9%.
Average Age of Homes
- The median age of Ferris (zip 62336) real estate is 78 years old
The Rental Market in Ferris (zip 62336)
- Renters make up 16.1% of the Ferris (zip 62336) population
- 0.0% of houses and apartments in Ferris (zip 62336), 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.