Zip 62056 (Litchfield, IL) Housing

The housing market in Litchfield, IL (62056) is affordable compared to the US median value of $338,100. The median value of homes in the 62056 zip code is $94,700 and the appreciation rate for 1 year was 7.96%, which is just slightly below the national average of 8.27%. This makes it an excellent place to invest in real estate as there is potential for capital growth at a rate that is close to what can be expected across the country.

The median home cost in Litchfield (zip 62056) is $94,700. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Litchfield (zip 62056) is up 10.0%.

Average Age of Homes

- The median age of Litchfield (zip 62056) real estate is 47 years old

The Rental Market in Litchfield (zip 62056)

- Renters make up 25.5% of the Litchfield (zip 62056) population
- 2.2% of houses and apartments in Litchfield (zip 62056), 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	Litchfield, Illinois	United States
	4,254.0	139,647,020.0
	54	42
	$94,700	$338,100
	10.0%	16.6%
	35.8%	57.0%
	42.8%	101.1%
	$21.09	$10.98
	$2,088	$2,690
	64.5%	57.4%
	9.7%	11.2%
	25.8%	31.4%
Vacant Housing
	2.2%	1.9%
	0.3%	0.4%
	1.5%	0.7%
	0.1%	0.4%
	3.4%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	5.5%	2.4%
	11.0%	2.8%
	20.0%	3.9%
	12.7%	4.5%
	16.7%	11.3%
	10.1%	13.0%
	17.1%	20.1%
	3.8%	13.6%
	0.8%	8.3%
	0.6%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	13.8%	13.6%
	7.8%	13.2%
	13.2%	14.8%
	13.8%	13.6%
	11.3%	10.0%
	6.6%	4.7%
	25.2%	12.2%

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