The housing market in 61336 Magnolia, IL is relatively strong compared to the rest of the United States. The median value of a home in this area is $214,400, while the median value of a home across the US is $338,100. Additionally, there has been an 8.27% appreciation rate for homes across the nation over the past year and a 6.44% appreciation rate in Magnolia during that same time period. This shows that while housing prices are slowly increasing nationwide, they are doing so at a slightly lower rate in Magnolia than other parts of the country.
The median home cost in Magnolia (zip 61336) is $214,400. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Magnolia (zip 61336) is up 8.8%.
Average Age of Homes
- The median age of Magnolia (zip 61336) real estate is 68 years old
The Rental Market in Magnolia (zip 61336)
- Renters make up 16.7% of the Magnolia (zip 61336) population
- 0.0% of houses and apartments in Magnolia (zip 61336), 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.