The housing market in Loami, IL (zip code 62661) is significantly more affordable than the national median value of $338,100. The median value in Loami is $157,000, almost half the national median. In addition to this affordability, Loami has seen an appreciation rate of 6.36% over the past year which is slightly lower than the US national rate of 8.27%. This makes now a great time to invest in real estate in Loami as it offers both affordability and good potential for appreciation.
The median home cost in Loami (zip 62661) is $157,000. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Loami (zip 62661) is up 11.6%.
Average Age of Homes
- The median age of Loami (zip 62661) real estate is 45 years old
The Rental Market in Loami (zip 62661)
- Renters make up 12.4% of the Loami (zip 62661) population
- 0.9% of houses and apartments in Loami (zip 62661), 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.