Zip 61864 (Philo, IL) Housing

The housing market in 61864 Philo, IL is very strong. The median house value in the area is $199,200, which is significantly lower than the US House Median Value of $338,100. Despite this disparity, the 1 year House Appreciation rate in 61864 Philo, IL is 8.72%, outpacing the US average of 8.27%. This suggests that the housing market in 61864 Philo, IL is experiencing a steady growth and could be a great option for potential home buyers looking to invest their money wisely.

The median home cost in Philo (zip 61864) is $199,200. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Philo (zip 61864) is up 14.5%.

Average Age of Homes

- The median age of Philo (zip 61864) real estate is 45 years old

The Rental Market in Philo (zip 61864)

- Renters make up 18.2% of the Philo (zip 61864) population
- 0.6% of houses and apartments in Philo (zip 61864), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Philo, Illinois	United States
	618.0	139,647,020.0
	45	42
	$199,200	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$19.54	$10.98
	$3,280	$2,690
	86.7%	57.4%
	4.0%	11.2%
	9.2%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	1.5%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	1.1%	3.9%
	2.8%	4.5%
	29.1%	11.3%
	29.3%	13.0%
	17.9%	20.1%
	15.1%	13.6%
	2.2%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.0%	13.6%
	10.0%	13.6%
	18.0%	13.6%
	16.2%	13.2%
	9.5%	14.8%
	18.0%	13.6%
	7.1%	10.0%
	0.5%	4.7%
	23.5%	12.2%

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