The housing market in Gridley, IL (61744) is doing quite well. The median value of homes in the area is $156,200, which is significantly lower than the US median value of $338,100. Although this may seem like a disadvantage, it actually benefits homebuyers in Gridley because they can get more for their money. Additionally, in the last year alone, house prices have appreciated 14.21%, much higher than the national average of 8.27%. This means that even with the low median home price in Gridley, buyers are likely to profit from their investment over time due to the appreciation rate being higher than national average.
The median home cost in Gridley (zip 61744) is $156,200. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Gridley (zip 61744) is up 16.3%.
Average Age of Homes
- The median age of Gridley (zip 61744) real estate is 45 years old
The Rental Market in Gridley (zip 61744)
- Renters make up 12.5% of the Gridley (zip 61744) population
- 1.2% of houses and apartments in Gridley (zip 61744), 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.