The housing market in 62243 Freeburg, IL is quite robust, with the median value coming in at $203,100. This is significantly lower than the US House Median Value of $338,100, but that does not mean this area is not a great place to buy a house. In fact, the 1 year House Appreciation in Freeburg was 10.25%, which is higher than the US 1 year House Appreciation of 8.27%. With such strong appreciation numbers and a relatively low median home value price compared to other areas in the US, Freeburg would be an excellent place for someone looking to purchase a home and benefit from potential long-term gains.
The median home cost in Freeburg (zip 62243) is $203,100. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Freeburg (zip 62243) is up 12.4%.
Average Age of Homes
- The median age of Freeburg (zip 62243) real estate is 35 years old
The Rental Market in Freeburg (zip 62243)
- Renters make up 17.8% of the Freeburg (zip 62243) population
- 0.0% of houses and apartments in Freeburg (zip 62243), 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.