Zip 62278 (Red Bud, IL) Housing

The housing situation in 62278 Red Bud, IL is quite enviable. The housing median value in this area is $189,600, which is lower than the US median value of $338,100. Despite the lower cost of living here, the one year house appreciation rate for 62278 Red Bud has been 10.25%, higher than the average US house appreciation rate of 8.27%. This indicates that the housing market in 62278 Red Bud is strong and steadily increasing in value.

The median home cost in Red Bud (zip 62278) is $189,600. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Red Bud (zip 62278) is up 12.4%.

Average Age of Homes

- The median age of Red Bud (zip 62278) real estate is 42 years old

The Rental Market in Red Bud (zip 62278)

- Renters make up 18.7% of the Red Bud (zip 62278) population
- 0.2% of houses and apartments in Red Bud (zip 62278), 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	Red Bud, Illinois	United States
	2,806.0	139,647,020.0
	43	42
	$189,600	$338,100
	12.4%	16.6%
	34.8%	57.0%
	42.4%	101.1%
	$14.90	$10.98
	$2,414	$2,690
	70.2%	57.4%
	8.8%	11.2%
	21.0%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.2%	3.6%
	7.3%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	5.5%	2.4%
	5.0%	2.8%
	1.6%	3.9%
	6.8%	4.5%
	23.3%	11.3%
	24.4%	13.0%
	18.5%	20.1%
	8.0%	13.6%
	4.2%	8.3%
	0.4%	9.7%
	0.2%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	17.5%	13.6%
	11.0%	13.2%
	11.3%	14.8%
	17.5%	13.6%
	10.8%	10.0%
	4.7%	4.7%
	16.5%	12.2%

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