Zip 61115 (Machesney Park, IL) Housing

The housing in 61115 Machesney Park, IL is relatively affordable with a median value of $154,700, which is substantially lower than the US House Median Value of $338,100. In the past year, the US 1 year House Appreciation was 8.27%, while in Machesney Park it was 8.47%. This means that housing prices have increased slightly more quickly in Machesney Park compared to the national average over the past year, and that it may be a good time to invest in real estate in this area.

The median home cost in Machesney Park (zip 61115) is $154,700. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Machesney Park (zip 61115) is up 12.6%.

Average Age of Homes

- The median age of Machesney Park (zip 61115) real estate is 41 years old

The Rental Market in Machesney Park (zip 61115)

- Renters make up 20.7% of the Machesney Park (zip 61115) population
- 1.0% of houses and apartments in Machesney Park (zip 61115), 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	Machesney Park, Illinois	United States
	8,910.0	139,647,020.0
	44	42
	$154,700	$338,100
	12.6%	16.6%
	52.2%	57.0%
	55.4%	101.1%
	$26.59	$10.98
	$3,350	$2,690
	74.5%	57.4%
	4.4%	11.2%
	21.1%	31.4%
Vacant Housing
	1.0%	1.9%
	0.3%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	1.3%	2.4%
	4.1%	2.8%
	11.9%	3.9%
	13.4%	4.5%
	32.1%	11.3%
	21.4%	13.0%
	10.9%	20.1%
	0.8%	13.6%
	0.0%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.5%	13.6%
	14.5%	13.6%
	12.9%	13.6%
	11.4%	13.2%
	23.7%	14.8%
	12.9%	13.6%
	14.1%	10.0%
	3.5%	4.7%
	4.1%	12.2%

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