The housing market in Richton Park, IL (60471) is extremely favorable at the moment. The median value of houses in the area is $202,400, which is much lower than the US House Median Value of $338,100. Additionally, over the past year house appreciation in Richton Park has been 9.35%, which is higher than the US 1 year House Appreciation of 8.27%. This makes Richton Park an excellent place to buy a home right now as it offers both a more affordable option than most places and higher potential for future returns on investment.
The median home cost in Richton Park (zip 60471) is $202,400. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Richton Park (zip 60471) is up 13.7%.
Average Age of Homes
- The median age of Richton Park (zip 60471) real estate is 39 years old
The Rental Market in Richton Park (zip 60471)
- Renters make up 35.5% of the Richton Park (zip 60471) population
- 1.9% of houses and apartments in Richton Park (zip 60471), 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.