Zip 62554 (Oreana, IL) Housing

The housing market in 62554 Oreana, IL is very strong with a median value of $130,900. This is much lower than the US median housing value of $338,100. However, the 1 year appreciation rate for housing in Oreana is significantly higher than the US at 10.25%, offering a great opportunity for potential buyers to invest in the area. Overall, the housing market in 62554 Oreana, IL offers good value and solid appreciation potential.

The median home cost in Oreana (zip 62554) is $130,900. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Oreana (zip 62554) is up 11.6%.

Average Age of Homes

- The median age of Oreana (zip 62554) real estate is 48 years old

The Rental Market in Oreana (zip 62554)

- Renters make up 13.4% of the Oreana (zip 62554) population
- 0.7% of houses and apartments in Oreana (zip 62554), 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	Oreana, Illinois	United States
	742.0	139,647,020.0
	52	42
	$130,900	$338,100
	11.6%	16.6%
	29.0%	57.0%
	33.9%	101.1%
	$21.90	$10.98
	$2,694	$2,690
	81.4%	57.4%
	8.1%	11.2%
	10.5%	31.4%
Vacant Housing
	0.7%	1.9%
	0.7%	0.4%
	0.0%	0.7%
	0.8%	0.4%
	0.0%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.2%	2.4%
	2.6%	2.8%
	5.0%	3.9%
	23.0%	4.5%
	37.7%	11.3%
	8.3%	13.0%
	14.9%	20.1%
	5.8%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	1.8%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	13.2%	13.6%
	1.5%	13.2%
	13.3%	14.8%
	13.2%	13.6%
	13.1%	10.0%
	5.7%	4.7%
	8.2%	12.2%

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