Zip 62942 (Grand Tower, IL) Housing

Grand Tower, IL is a great place for anyone looking to invest in housing. The median value of homes in Grand Tower, IL is $60,300, which is significantly lower than the US median home value of $338,100. Despite the lower median value in Grand Tower, homeowners have still seen an increase in home appreciation over the last year with an 8.05% increase compared to 8.27% nationally. With an affordable and increasing housing market, Grand Tower makes for a great city to invest in.

The median home cost in Grand Tower (zip 62942) is $60,300. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Grand Tower (zip 62942) is up 14.3%.

Average Age of Homes

- The median age of Grand Tower (zip 62942) real estate is 54 years old

The Rental Market in Grand Tower (zip 62942)

- Renters make up 18.9% of the Grand Tower (zip 62942) population
- 1.6% of houses and apartments in Grand Tower (zip 62942), 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 Tower, Illinois	United States
	317.0	139,647,020.0
	57	42
	$60,300	$338,100
	14.3%	16.6%
	35.0%	57.0%
	35.3%	101.1%
	$20.04	$10.98
	$441	$2,690
	56.2%	57.4%
	19.6%	11.2%
	24.3%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.6%	3.6%
	16.4%	4.1%
Value of Owner-Occupied Housing
	30.3%	2.6%
	27.0%	2.4%
	28.1%	2.8%
	2.8%	3.9%
	7.3%	4.5%
	2.8%	11.3%
	0.0%	13.0%
	1.7%	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%
	3.5%	13.6%
	3.5%	13.6%
	4.1%	13.6%
	10.1%	13.2%
	14.5%	14.8%
	4.1%	13.6%
	11.4%	10.0%
	15.5%	4.7%
	14.5%	12.2%

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