The housing market in 62359 Paloma, IL is relatively affordable compared to the rest of the United States. The median value of a house in this area is $125,900, while the US median value is $338,100. In addition, the rate of appreciation for houses over the last year has been 7.86% in Paloma, IL compared to 8.27% nationally. This indicates that although property values have been increasing steadily here as well, they are still very reasonably priced when compared to other cities around the country.
The median home cost in Paloma (zip 62359) is $125,900. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Paloma (zip 62359) is up 14.9%.
Average Age of Homes
- The median age of Paloma (zip 62359) real estate is 41 years old
The Rental Market in Paloma (zip 62359)
- Renters make up 0.0% of the Paloma (zip 62359) population
- 0.0% of houses and apartments in Paloma (zip 62359), 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.