Housing in 62977 Raleigh, IL is much more affordable than the US median value of $338,100. The median value in this area is only $105,400, giving buyers significantly more bang for their buck. In the past year, the US house appreciation rate has been 8.27%, while house appreciation in 62977 Raleigh is only slightly lower at 8.05%. This lower appreciation rate means that buyers who purchase a home here will not benefit as much from an increase in equity over time as they would with other locations. Nonetheless, 62977 Raleigh provides potential buyers with a great opportunity to find an affordable home at a reasonable price.
The median home cost in Raleigh (zip 62977) is $105,400. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Raleigh (zip 62977) is up 14.3%.
Average Age of Homes
- The median age of Raleigh (zip 62977) real estate is 41 years old
The Rental Market in Raleigh (zip 62977)
- Renters make up 8.8% of the Raleigh (zip 62977) population
- 2.6% of houses and apartments in Raleigh (zip 62977), 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.