Housing in 61862 Penfield, IL is very affordable and has been steadily appreciating. The median housing value currently stands at $136,200 which is significantly lower than the US median housing value of $338,100. This makes it a great option for potential buyers looking for an affordable house. Furthermore, over the past year the housing in Penfield has appreciated 8.72%, which is higher than the national appreciation rate of 8.27%. This suggests that buying property in this location could be a good investment decision in the long run.
The median home cost in Penfield (zip 61862) is $136,200. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Penfield (zip 61862) is up 14.5%.
Average Age of Homes
- The median age of Penfield (zip 61862) real estate is 48 years old
The Rental Market in Penfield (zip 61862)
- Renters make up 19.7% of the Penfield (zip 61862) population
- 0.0% of houses and apartments in Penfield (zip 61862), 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.