Zip 62451 (Palestine, IL) Housing

Palestine, IL 62451 has a median house value of $83,000. This is significantly lower than the US median home value of $338,100. While the US experienced an 8.27% appreciation in housing over the last year, Palestine's housing appreciated at a slightly lower rate of 7.94%. Therefore, those looking for relatively more affordable real estate may want to consider buying property in Palestine as opposed to other parts of the US.

The median home cost in Palestine (zip 62451) is $83,000. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Palestine (zip 62451) is up 9.4%.

Average Age of Homes

- The median age of Palestine (zip 62451) real estate is 61 years old

The Rental Market in Palestine (zip 62451)

- Renters make up 18.6% of the Palestine (zip 62451) population
- 2.6% of houses and apartments in Palestine (zip 62451), 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	Palestine, Illinois	United States
	1,032.0	139,647,020.0
	65	42
	$83,000	$338,100
	9.4%	16.6%
	34.8%	57.0%
	47.0%	101.1%
	$19.99	$10.98
	$1,619	$2,690
	75.4%	57.4%
	9.6%	11.2%
	15.0%	31.4%
Vacant Housing
	2.6%	1.9%
	0.9%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	5.4%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	8.4%	2.4%
	23.4%	2.8%
	15.7%	3.9%
	18.6%	4.5%
	14.9%	11.3%
	8.6%	13.0%
	4.4%	20.1%
	3.5%	13.6%
	0.0%	8.3%
	0.8%	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%
	8.4%	13.6%
	8.4%	13.6%
	10.5%	13.6%
	2.6%	13.2%
	10.9%	14.8%
	10.5%	13.6%
	19.1%	10.0%
	7.4%	4.7%
	31.0%	12.2%

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