Hamel, IL is a great place to live for those looking for affordable housing. The median value of homes in the area is $245,600, compared to the US median value of $338,100. In addition, the 1-year house appreciation rate for Hamel is 7.96%, which is slightly lower than the 1-year US appreciation rate of 8.27%. All these factors make Hamel an ideal place to purchase and own a home as real estate values are stable and houses remain affordable.
The median home cost in Hamel (zip 62046) is $245,600. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Hamel (zip 62046) is up 10.0%.
Average Age of Homes
- The median age of Hamel (zip 62046) real estate is 40 years old
The Rental Market in Hamel (zip 62046)
- Renters make up 16.0% of the Hamel (zip 62046) population
- 0.0% of houses and apartments in Hamel (zip 62046), 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.