The median housing value in 62349 Loraine, IL is $115,500, which is significantly lower than the US median housing value of $338,100. In the past year, the house appreciation rate in 62349 Loraine, IL has been 7.86%, slightly lower than the US average of 8.27%. This suggests that while there might be a slight decrease in housing prices over time in Loraine, it is not as drastic as other areas across the country.
The median home cost in Loraine (zip 62349) is $115,500. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Loraine (zip 62349) is up 14.9%.
Average Age of Homes
- The median age of Loraine (zip 62349) real estate is 56 years old
The Rental Market in Loraine (zip 62349)
- Renters make up 11.8% of the Loraine (zip 62349) population
- 0.3% of houses and apartments in Loraine (zip 62349), 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.