The housing market in 62361 Pearl, IL is quite healthy with the median house value being $114,100, which is much lower than the US median house value of $338,100. Although the appreciation rate for homes in this area is slightly lower than the US average at 7.86%, it still demonstrates a strong appreciation rate over the past year. This makes it a great time to invest in real estate in this region and shows that despite its lower median house value, it is still a great place to consider making an investment into housing.
The median home cost in Pearl (zip 62361) is $114,100. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Pearl (zip 62361) is up 14.9%.
Average Age of Homes
- The median age of Pearl (zip 62361) real estate is 74 years old
The Rental Market in Pearl (zip 62361)
- Renters make up 11.0% of the Pearl (zip 62361) population
- 4.3% of houses and apartments in Pearl (zip 62361), 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.