The housing market in 62556 Palmer, IL is doing relatively well compared to the national average. The median value for homes in the area is $93,400, significantly lower than the national median value of $338,100. However, over the last year, homes in Palmer have appreciated by 10.25%, which is higher than the 8.27% appreciation seen nationally over the same period. With its low median value and impressive appreciation rate, it is an attractive option for those looking to buy a home in this region.
The median home cost in Palmer (zip 62556) is $93,400. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Palmer (zip 62556) is up 11.6%.
Average Age of Homes
- The median age of Palmer (zip 62556) real estate is 59 years old
The Rental Market in Palmer (zip 62556)
- Renters make up 11.7% of the Palmer (zip 62556) population
- 0.0% of houses and apartments in Palmer (zip 62556), 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.