The housing market in 61401 Galesburg, IL is quite favorable when compared to the overall US housing market. The median value of a house in Galesburg is $80,100, which is significantly lower than the US median value of $338,100. On top of this, the 1-year house appreciation rate for Galesburg is 7.76%, slightly lower than the US average of 8.27%. This means that not only are homes more affordable in 61401 Galesburg than elsewhere in the United States, but they also have seen solid growth over the past year.
The median home cost in Galesburg (zip 61401) is $80,100. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Galesburg (zip 61401) is up 8.9%.
Average Age of Homes
- The median age of Galesburg (zip 61401) real estate is 63 years old
The Rental Market in Galesburg (zip 61401)
- Renters make up 35.3% of the Galesburg (zip 61401) population
- 1.8% of houses and apartments in Galesburg (zip 61401), 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.