The housing market in Mode, IL (zip code 62444) is relatively healthy compared to the national average. The median value of a home in Mode is $124,600 which is significantly lower than the US median of $338,100. Despite this lower value, the one year appreciation rate for homes in Mode was 7.94%, just slightly below the national average of 8.27%. Therefore, those investing in housing in Mode can expect to see very slight returns on their investment over time.
The median home cost in Mode (zip 62444) is $124,600. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Mode (zip 62444) is up 9.4%.
Average Age of Homes
- The median age of Mode (zip 62444) real estate is 72 years old
The Rental Market in Mode (zip 62444)
- Renters make up 8.5% of the Mode (zip 62444) population
- 0.0% of houses and apartments in Mode (zip 62444), 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.