The housing market in Pekin, IL (61554) is still relatively healthy compared to the US as a whole. The median value of a house in the area is $113,800, while the median value of a house in the US is $338,100. The appreciation rate of houses in Pekin over the past year was 7.36%, slightly lower than the average of 8.27% for houses across the country. Despite this lower appreciation rate, the housing market in Pekin remains steady and could be an attractive option for potential buyers looking for more affordable homes.
The median home cost in Pekin (zip 61554) is $113,800. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Pekin (zip 61554) is up 7.3%.
Average Age of Homes
- The median age of Pekin (zip 61554) real estate is 56 years old
The Rental Market in Pekin (zip 61554)
- Renters make up 26.5% of the Pekin (zip 61554) population
- 1.7% of houses and apartments in Pekin (zip 61554), 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.