Zip 62970 (Olmsted, IL) Housing

The housing in 62970 Olmsted, IL is quite affordable with the median value of $91,100. This is significantly lower than the US House Median Value of $338,100. The housing appreciation rate for the US over the past year was 8.27%, while the appreciation rate for Olmsted, IL was slightly lower at 8.05%. As such, if you are looking to invest in a house in Olmsted, IL you stand to benefit from a relatively affordable price and good appreciation rate.

The median home cost in Olmsted (zip 62970) is $91,100. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Olmsted (zip 62970) is up 14.3%.

Average Age of Homes

- The median age of Olmsted (zip 62970) real estate is 44 years old

The Rental Market in Olmsted (zip 62970)

- Renters make up 15.9% of the Olmsted (zip 62970) population
- 1.6% of houses and apartments in Olmsted (zip 62970), 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	Olmsted, Illinois	United States
	371.0	139,647,020.0
	54	42
	$91,100	$338,100
	14.3%	16.6%
	35.0%	57.0%
	35.3%	101.1%
	$9.88	$10.98
	$1,206	$2,690
	45.8%	57.4%
	41.5%	11.2%
	12.7%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	38.5%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	10.0%	2.4%
	4.7%	2.8%
	31.2%	3.9%
	2.9%	4.5%
	11.8%	11.3%
	21.2%	13.0%
	13.5%	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%
	15.9%	13.6%
	15.9%	13.6%
	9.7%	13.6%
	8.1%	13.2%
	13.2%	14.8%
	9.7%	13.6%
	3.8%	10.0%
	7.3%	4.7%
	32.1%	12.2%

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