The housing in 61327 Hennepin, IL is quite affordable with a median value of $186,900. This is significantly lower than the US median value of $338,100 and provides an opportunity for first-time homebuyers to own a home in this area. Over the past year, house appreciation in this region has been 6.44%, which is slightly lower than the US average of 8.27%. This suggests that the market might be stabilizing and could be a good time to purchase a property here.
The median home cost in Hennepin (zip 61327) is $186,900. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Hennepin (zip 61327) is up 8.8%.
Average Age of Homes
- The median age of Hennepin (zip 61327) real estate is 42 years old
The Rental Market in Hennepin (zip 61327)
- Renters make up 15.7% of the Hennepin (zip 61327) population
- 2.2% of houses and apartments in Hennepin (zip 61327), 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.