Zip 62351 (Mendon, IL) Housing

The housing market in 62351 Mendon, IL is slightly less impressive than the national average, but still healthy. The median value in Mendon is $142,500, compared to the US median of $338,100. Although the 1 year house appreciation rate for Mendon is lower than the US rate of 8.27%, at 7.86% it is still a positive sign for the local housing market.

The median home cost in Mendon (zip 62351) is $142,500. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Mendon (zip 62351) is up 14.9%.

Average Age of Homes

- The median age of Mendon (zip 62351) real estate is 50 years old

The Rental Market in Mendon (zip 62351)

- Renters make up 24.3% of the Mendon (zip 62351) population
- 3.7% of houses and apartments in Mendon (zip 62351), 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	Mendon, Illinois	United States
	805.0	139,647,020.0
	50	42
	$142,500	$338,100
	14.9%	16.6%
	31.7%	57.0%
	45.4%	101.1%
	$16.57	$10.98
	$2,073	$2,690
	79.1%	57.4%
	6.8%	11.2%
	14.0%	31.4%
Vacant Housing
	3.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	0.0%	2.4%
	5.8%	2.8%
	19.6%	3.9%
	14.9%	4.5%
	22.6%	11.3%
	11.9%	13.0%
	12.9%	20.1%
	2.0%	13.6%
	2.4%	8.3%
	6.0%	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%
	9.9%	13.6%
	9.9%	13.6%
	8.6%	13.6%
	5.0%	13.2%
	22.9%	14.8%
	8.6%	13.6%
	5.8%	10.0%
	2.7%	4.7%
	23.9%	12.2%

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