The housing market in O'Fallon, IL 62269 is quite robust. The median value of a home in this area is $255,800, which is lower than the US median of $338,100. Despite the lower value, appreciation rate for homes in O'Fallon has been very good over the past year at 10.25%, outpacing the nation's 8.27% rate of appreciation. With its relatively low median values and excellent recent appreciation rates, O'Fallon is an attractive place to live for those looking to buy a home.
The median home cost in OFallon (zip 62269) is $255,800. Home appreciation the last 10 years has been 42.4%. Home Appreciation in OFallon (zip 62269) is up 12.4%.
Average Age of Homes
- The median age of OFallon (zip 62269) real estate is 25 years old
The Rental Market in OFallon (zip 62269)
- Renters make up 25.5% of the OFallon (zip 62269) population
- 1.6% of houses and apartments in OFallon (zip 62269), 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.