The median value of housing in 61342 Mendota, IL is $130,500, which is significantly lower than the US House Median Value of $338,100. However, this does not mean that Mendota's housing market is without appreciation--in fact, in the past year Mendota has seen an appreciation rate of 6.44%, which while lower than the US average of 8.27%, still shows a strong and healthy market. With its lower than average median value and steady appreciation rate, Mendota's housing market offers excellent opportunities for potential buyers looking to purchase property in the area.
The median home cost in Mendota (zip 61342) is $130,500. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Mendota (zip 61342) is up 8.8%.
Average Age of Homes
- The median age of Mendota (zip 61342) real estate is 58 years old
The Rental Market in Mendota (zip 61342)
- Renters make up 22.1% of the Mendota (zip 61342) population
- 3.5% of houses and apartments in Mendota (zip 61342), 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.