Zip 62357 (New Salem, IL) Housing

The housing market in 62357 New Salem, IL is slightly lower than the national median value, with an average house price of $86,200. The appreciation rate for homes in this area in one year is 7.86%, which is slightly below the 8.27% national average for the same period. Despite this difference, it appears that the housing market in 62357 New Salem is still faring relatively well and has good potential for future growth and appreciation.

The median home cost in New Salem (zip 62357) is $86,200. Home appreciation the last 10 years has been 45.4%. Home Appreciation in New Salem (zip 62357) is up 14.9%.

Average Age of Homes

- The median age of New Salem (zip 62357) real estate is 65 years old

The Rental Market in New Salem (zip 62357)

- Renters make up 22.0% of the New Salem (zip 62357) population
- 0.0% of houses and apartments in New Salem (zip 62357), 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	New Salem, Illinois	United States
	177.0	139,647,020.0
	60	42
	$86,200	$338,100
	14.9%	16.6%
	31.7%	57.0%
	45.4%	101.1%
	$17.36	$10.98
	$1,600	$2,690
	49.2%	57.4%
	22.6%	11.2%
	28.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	13.6%	3.6%
	9.0%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	11.5%	2.4%
	10.3%	2.8%
	2.3%	3.9%
	52.9%	4.5%
	16.1%	11.3%
	0.0%	13.0%
	4.6%	20.1%
	0.0%	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%
	1.7%	13.6%
	1.7%	13.6%
	2.8%	13.6%
	0.6%	13.2%
	11.3%	14.8%
	2.8%	13.6%
	5.1%	10.0%
	1.7%	4.7%
	54.8%	12.2%

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