Housing in 62250 Hoffman, IL is a great investment for anyone looking to purchase a home. The median value of housing in the area is $112,300 which is substantially lower than the US median value of $338,100. Additionally, house appreciation in the area has seen an increase of 10.25% over the past year compared to 8.27% nationally, making it an attractive option for those looking to buy now and sell later on at a higher rate. With its low cost and impressive rate of appreciation, Hoffman offers great value in terms of real estate investments.
The median home cost in Hoffman (zip 62250) is $112,300. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Hoffman (zip 62250) is up 12.4%.
Average Age of Homes
- The median age of Hoffman (zip 62250) real estate is 51 years old
The Rental Market in Hoffman (zip 62250)
- Renters make up 11.9% of the Hoffman (zip 62250) population
- 2.4% of houses and apartments in Hoffman (zip 62250), 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.