The housing market in Flat Rock, IL (zipcode 62427) is currently doing well. The median value of a house in this area is $105,800, which is significantly lower than the US median house value of $338,100. In the past year, the US’s house appreciation rate has been 8.27%, while in Flat Rock IL it was 7.94%. This shows that prices have stayed relatively stable despite an overall increase in demand nationally. Despite being slightly below the national average in terms of appreciation rate, houses in Flat Rock still retain their value and remain affordable for many potential buyers.
The median home cost in Flat Rock (zip 62427) is $105,800. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Flat Rock (zip 62427) is up 9.4%.
Average Age of Homes
- The median age of Flat Rock (zip 62427) real estate is 47 years old
The Rental Market in Flat Rock (zip 62427)
- Renters make up 11.0% of the Flat Rock (zip 62427) population
- 0.0% of houses and apartments in Flat Rock (zip 62427), 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.