Zip 62545 (Mechanicsburg, IL) Housing

Mechanicsburg, IL is a great place to invest in housing. The median value of housing in Mechanicsburg is $160,000, which is significantly lower than the US House Median Value of $338,100. In the past year, house appreciation in Mechanicsburg has been 10.25%, compared to the 8.27% appreciation seen nationally. Investing in housing here is a great way to build equity and grow wealth over time.

The median home cost in Mechanicsburg (zip 62545) is $160,000. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Mechanicsburg (zip 62545) is up 11.6%.

Average Age of Homes

- The median age of Mechanicsburg (zip 62545) real estate is 44 years old

The Rental Market in Mechanicsburg (zip 62545)

- Renters make up 16.4% of the Mechanicsburg (zip 62545) population
- 1.9% of houses and apartments in Mechanicsburg (zip 62545), 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	Mechanicsburg, Illinois	United States
	619.0	139,647,020.0
	47	42
	$160,000	$338,100
	11.6%	16.6%
	29.0%	57.0%
	33.9%	101.1%
	$16.23	$10.98
	$2,444	$2,690
	85.0%	57.4%
	7.8%	11.2%
	7.3%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	1.7%	2.4%
	1.9%	2.8%
	4.9%	3.9%
	13.1%	4.5%
	25.9%	11.3%
	12.9%	13.0%
	18.6%	20.1%
	18.6%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.4%	13.6%
	13.4%	13.6%
	14.7%	13.6%
	10.7%	13.2%
	8.1%	14.8%
	14.7%	13.6%
	10.0%	10.0%
	1.8%	4.7%
	23.6%	12.2%

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