Newark, IL is an attractive place to live due to its moderately lower housing median value. At $295,400, it's significantly less than the US house median value of $338,100. In addition, the housing appreciation in Newark over the past year was 9.58%, which is slightly higher than the US average of 8.27%. This makes the location a great investment opportunity for those looking to start building wealth through real estate. With its affordable prices and strong appreciation rate, Newark is a great place to invest in real estate and enjoy the benefits of homeownership.
The median home cost in Newark (zip 60541) is $295,400. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Newark (zip 60541) is up 14.1%.
Average Age of Homes
- The median age of Newark (zip 60541) real estate is 39 years old
The Rental Market in Newark (zip 60541)
- Renters make up 13.4% of the Newark (zip 60541) population
- 0.0% of houses and apartments in Newark (zip 60541), 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.