Zip 62040 (Granite City, IL) Housing

The housing market in Granite City, IL (62040) is a great place for potential buyers. The median value of homes in this area is $100,600 which is significantly lower than the national median value of $338,100. This offers potential buyers an opportunity to purchase a home at a more affordable price. In addition, the appreciation rate for the past year was 7.96%, which is slightly lower than the US 1 year house appreciation rate of 8.27%. The combination of an affordable and appreciating housing market makes Granite City, IL (62040) an attractive place to buy a home.

The median home cost in Granite City (zip 62040) is $100,600. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Granite City (zip 62040) is up 10.0%.

Average Age of Homes

- The median age of Granite City (zip 62040) real estate is 57 years old

The Rental Market in Granite City (zip 62040)

- Renters make up 26.9% of the Granite City (zip 62040) population
- 1.4% of houses and apartments in Granite City (zip 62040), 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	Granite City, Illinois	United States
	18,932.0	139,647,020.0
	59	42
	$100,600	$338,100
	10.0%	16.6%
	35.8%	57.0%
	42.8%	101.1%
	$20.66	$10.98
	$1,814	$2,690
	61.7%	57.4%
	11.7%	11.2%
	26.6%	31.4%
Vacant Housing
	1.4%	1.9%
	0.8%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	8.4%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	6.3%	2.4%
	13.5%	2.8%
	16.5%	3.9%
	20.8%	4.5%
	23.7%	11.3%
	8.2%	13.0%
	5.7%	20.1%
	0.5%	13.6%
	0.1%	8.3%
	0.0%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	7.1%	13.6%
	6.4%	13.2%
	11.1%	14.8%
	7.1%	13.6%
	18.7%	10.0%
	9.0%	4.7%
	16.8%	12.2%

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