The housing market in Gifford, IL (Zip Code 61847) is currently thriving and has appreciated 8.72% in the past year. The median value of a house in Gifford is $173,000, which is much lower than the national median of $338,100. This makes Gifford an attractive location for those looking for an affordable home and to experience the appreciation that comes with it. Despite having a lower median value than other parts of the country, Gifford's housing prices are still appreciating at a higher rate than the U.S. as a whole by 8.27%. Thus, those interested in taking advantage of this appreciation should consider investing in Gifford's housing market soon!
The median home cost in Gifford (zip 61847) is $173,000. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Gifford (zip 61847) is up 14.5%.
Average Age of Homes
- The median age of Gifford (zip 61847) real estate is 42 years old
The Rental Market in Gifford (zip 61847)
- Renters make up 10.4% of the Gifford (zip 61847) population
- 1.7% of houses and apartments in Gifford (zip 61847), 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.