The housing market in Rantoul, IL (61866) is quite positive. The median value of homes is $107,500, which is considerably lower than the US median housing value of $338,100. However, home appreciation in the area has been strong as well; with a 1 year house appreciation rate of 8.72%, it is higher than the US average of 8.27%. Therefore, this community provides a great opportunity for prospective home owners to invest and benefit from the strong housing market in Rantoul.
The median home cost in Rantoul (zip 61866) is $107,500. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Rantoul (zip 61866) is up 14.5%.
Average Age of Homes
- The median age of Rantoul (zip 61866) real estate is 54 years old
The Rental Market in Rantoul (zip 61866)
- Renters make up 40.5% of the Rantoul (zip 61866) population
- 8.0% of houses and apartments in Rantoul (zip 61866), 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.