The housing market in Neoga, IL (zip code 62447) is very competitive. The median value of a home here is $130,700, which is significantly lower than the US median value of $338,100. However, the one year house appreciation rate in Neoga is still quite good at 7.94%, just slightly lower than the national average of 8.27%. This means that home values are increasing steadily in Neoga even though they may not be as high as elsewhere in the country. Those looking to invest in property should definitely consider this region to get a great value for their money and benefit from possible future appreciation.
The median home cost in Neoga (zip 62447) is $130,700. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Neoga (zip 62447) is up 9.4%.
Average Age of Homes
- The median age of Neoga (zip 62447) real estate is 41 years old
The Rental Market in Neoga (zip 62447)
- Renters make up 12.0% of the Neoga (zip 62447) population
- 1.9% of houses and apartments in Neoga (zip 62447), 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.