The housing in 60960 Rankin, IL is quite affordable compared to the national average. The median value of housing in 60960 Rankin, IL is $72,300 while the US median value is $338,100. This makes it an attractive option for those looking to buy a home but can't afford the high prices of most areas. Despite this affordability, there has still been an impressive 7.34% growth in the value of housing in this area over the last year, slightly less than the 8.27% appreciation rate seen in the US as a whole.
The median home cost in Rankin (zip 60960) is $72,300. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Rankin (zip 60960) is up 15.4%.
Average Age of Homes
- The median age of Rankin (zip 60960) real estate is 78 years old
The Rental Market in Rankin (zip 60960)
- Renters make up 20.3% of the Rankin (zip 60960) population
- 0.0% of houses and apartments in Rankin (zip 60960), 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.