The median value for housing in Irving, IL (62051) is $112,900. This figure is significantly lower than the US median value of $338,100. The US one-year house appreciation rate is 8.27%, while the one-year house appreciation rate in Irving, IL is 7.96%. While this difference may seem small, it reflects a large disparity in the housing market between Irving and other parts of the country. This could be attributed to a number of factors such as its location and local economic conditions. Despite this, the relatively low price point makes Irving an attractive option for those looking to purchase or invest in real estate.
The median home cost in Irving (zip 62051) is $112,900. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Irving (zip 62051) is up 10.0%.
Average Age of Homes
- The median age of Irving (zip 62051) real estate is 58 years old
The Rental Market in Irving (zip 62051)
- Renters make up 9.7% of the Irving (zip 62051) population
- 0.8% of houses and apartments in Irving (zip 62051), 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.