Housing in 62431 Herrick, IL is quite affordable compared to the US median value of $338,100. The median value of housing in the town is $87,800 which is 26% lower than the national average. Furthermore, in the past year there has been an appreciation of 7.94%, which is slightly lower than the US average of 8.27%. However, it still indicates that property values are on a generally good trajectory. With such an affordable price and steady growth, 62431 Herrick, IL makes for a great option for those looking for a place to call home or invest in real estate.
The median home cost in Herrick (zip 62431) is $87,800. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Herrick (zip 62431) is up 9.4%.
Average Age of Homes
- The median age of Herrick (zip 62431) real estate is 40 years old
The Rental Market in Herrick (zip 62431)
- Renters make up 8.8% of the Herrick (zip 62431) population
- 4.4% of houses and apartments in Herrick (zip 62431), 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.