The housing market in 61853 Mahomet, IL is above the national median value at $281,400. Over the past year, house values in this area have appreciated at 8.72%, higher than the U.S. average of 8.27%. This suggests that Mahomet is a desirable location for many looking to purchase a home and as such investing in the local housing market could be a great option for potential buyers.
The median home cost in Mahomet (zip 61853) is $281,400. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Mahomet (zip 61853) is up 14.5%.
Average Age of Homes
- The median age of Mahomet (zip 61853) real estate is 27 years old
The Rental Market in Mahomet (zip 61853)
- Renters make up 16.8% of the Mahomet (zip 61853) population
- 4.0% of houses and apartments in Mahomet (zip 61853), 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.