The housing market in 60422 Flossmoor, IL is a good investment for potential homeowners. The median value of a home in 60422 Flossmoor, IL is currently $306,300, which is lower than the national median value of $338,100. Additionally, the appreciation rate for homes in 60422 Flossmoor, IL has been higher than the national appreciation rate for one year at 9.35%, compared to 8.27%. Therefore, investing in a home in this area is a wise decision as it not only provides a relatively low initial cost but also offers greater potential for an increase in value over time.
The median home cost in Flossmoor (zip 60422) is $306,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Flossmoor (zip 60422) is up 13.7%.
Average Age of Homes
- The median age of Flossmoor (zip 60422) real estate is 52 years old
The Rental Market in Flossmoor (zip 60422)
- Renters make up 7.8% of the Flossmoor (zip 60422) population
- 0.0% of houses and apartments in Flossmoor (zip 60422), 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.