The housing market in 60431 Joliet, IL has seen a steady and robust appreciation over the last year. The median value of homes in this area is currently $279,300 which is lower than the US median value of $338,100. Despite the lower median house value in 60431 Joliet, IL, the area has experienced a strong 9.35% appreciation rate over the last year compared to 8.27% for houses nation-wide. This indicates that home values are rising steadily and potential buyers should take advantage of this trend if they're looking to purchase in this locale.
The median home cost in Joliet (zip 60431) is $279,300. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Joliet (zip 60431) is up 13.7%.
Average Age of Homes
- The median age of Joliet (zip 60431) real estate is 20 years old
The Rental Market in Joliet (zip 60431)
- Renters make up 11.4% of the Joliet (zip 60431) population
- 1.4% of houses and apartments in Joliet (zip 60431), 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.