The housing in 62360 Payson, IL is quite affordable with a median value of $129,700. This is significantly lower than the US House Median Value of $338,100 and much more affordable for people on a budget. Despite being lower in value than the national average, the one year house appreciation rate in this area is still quite high at 7.86%, which is only slightly lower than the US 1 year House Appreciation rate of 8.27%. This is indicative of how fast house prices are going up in 62360 Payson, IL, as it remains competitive with the national average despite its lower median housing value.
The median home cost in Payson (zip 62360) is $129,700. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Payson (zip 62360) is up 14.9%.
Average Age of Homes
- The median age of Payson (zip 62360) real estate is 45 years old
The Rental Market in Payson (zip 62360)
- Renters make up 16.7% of the Payson (zip 62360) population
- 0.0% of houses and apartments in Payson (zip 62360), 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.