The housing market in McHenry, IL (zip code 60050) is doing well compared to the national average. The median value of homes in this area is $248,400, which is significantly lower than the US median of $338,100. Over the past year, the appreciation rate for homes in McHenry has been 8.83%, higher than the US average of 8.27%. This indicates that home values in McHenry are increasing at a faster rate than those across the entire country. Overall, McHenry looks like an attractive and affordable place to buy a home.
The median home cost in McHenry (zip 60050) is $248,400. Home appreciation the last 10 years has been 54.6%. Home Appreciation in McHenry (zip 60050) is up 14.5%.
Average Age of Homes
- The median age of McHenry (zip 60050) real estate is 38 years old
The Rental Market in McHenry (zip 60050)
- Renters make up 23.3% of the McHenry (zip 60050) population
- 0.8% of houses and apartments in McHenry (zip 60050), 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.