Zip 61048 (Lena, IL) Housing

The housing market in 61048 Lena, IL is a great place to invest. The median value of homes currently stands at $165,700, which is significantly lower than the US median value of $338,100. Despite the lower median value, the appreciation rate of homes in the area has been strong in the last year at 7.18%, only slightly below the national average of 8.27%. With a relatively affordable price and strong return on investment potential, 61048 Lena, IL appears to be an ideal place for those looking to invest in real estate.

The median home cost in Lena (zip 61048) is $165,700. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Lena (zip 61048) is up 14.1%.

Average Age of Homes

- The median age of Lena (zip 61048) real estate is 51 years old

The Rental Market in Lena (zip 61048)

- Renters make up 22.6% of the Lena (zip 61048) population
- 0.0% of houses and apartments in Lena (zip 61048), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lena, Illinois	United States
	1,834.0	139,647,020.0
	56	42
	$165,700	$338,100
	14.1%	16.6%
	42.4%	57.0%
	50.3%	101.1%
	$24.89	$10.98
	$3,482	$2,690
	78.0%	57.4%
	8.5%	11.2%
	13.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.6%	0.7%
	1.6%	0.4%
	0.0%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	4.5%	2.4%
	6.2%	2.8%
	6.4%	3.9%
	10.7%	4.5%
	25.4%	11.3%
	17.3%	13.0%
	19.4%	20.1%
	5.5%	13.6%
	0.8%	8.3%
	1.4%	9.7%
	0.0%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.4%	13.6%
	13.4%	13.6%
	9.2%	13.6%
	10.0%	13.2%
	10.9%	14.8%
	9.2%	13.6%
	8.3%	10.0%
	3.4%	4.7%
	33.8%	12.2%

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