The housing market in Lerna, IL (zip code 62440) is exhibiting similar trends to the national housing market. The median value of a home in Lerna is $122,300, which is significantly lower than the US median of $338,100. However, there has been an impressive increase year-over-year in both the US and Lerna markets with 8.27% and 7.94%, respectively. This is indicative of the healthy economic environment in Lerna and begs for further exploration into what makes it such an attractive option for potential homeowners.
The median home cost in Lerna (zip 62440) is $122,300. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Lerna (zip 62440) is up 9.4%.
Average Age of Homes
- The median age of Lerna (zip 62440) real estate is 53 years old
The Rental Market in Lerna (zip 62440)
- Renters make up 4.9% of the Lerna (zip 62440) population
- 0.2% of houses and apartments in Lerna (zip 62440), 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.