Zip 62941 (Grand Chain, IL) Housing

The housing market in 62941 Grand Chain, IL is relatively affordable with a median value of $99,000, which is significantly lower than the US median house value of $338,100. Over the past year, the housing appreciation rate in Grand Chain was 8.05%, slightly below the national average of 8.27%. As such, investing in property in Grand Chain may be an attractive option for homebuyers looking for a good deal.

The median home cost in Grand Chain (zip 62941) is $99,000. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Grand Chain (zip 62941) is up 14.3%.

Average Age of Homes

- The median age of Grand Chain (zip 62941) real estate is 41 years old

The Rental Market in Grand Chain (zip 62941)

- Renters make up 23.1% of the Grand Chain (zip 62941) population
- 0.0% of houses and apartments in Grand Chain (zip 62941), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Grand Chain, Illinois	United States
	371.0	139,647,020.0
	44	42
	$99,000	$338,100
	14.3%	16.6%
	35.0%	57.0%
	35.3%	101.1%
	$9.88	$10.98
	$1,250	$2,690
	64.4%	57.4%
	28.3%	11.2%
	7.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	17.3%	3.6%
	11.1%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	6.7%	2.4%
	16.7%	2.8%
	21.3%	3.9%
	5.0%	4.5%
	36.0%	11.3%
	5.9%	13.0%
	3.3%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	19.9%	13.6%
	13.2%	13.2%
	18.3%	14.8%
	19.9%	13.6%
	9.2%	10.0%
	1.1%	4.7%
	20.8%	12.2%

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