Zip 61870 (Ridge Farm, IL) Housing

The housing median value in 61870 Ridge Farm, IL is $73,000, which is much lower than the US median value of $338,100. Despite this, the house appreciation rate in 61870 Ridge Farm, IL is 8.72%, higher than the national rate of 8.27%. This indicates that the housing market in 61870 Ridge Farm, IL is not only more affordable than many other areas but also growing at a healthy pace. Additionally, investors may find it attractive to invest in this area due to its relatively low median value and high appreciation rate.

The median home cost in Ridge Farm (zip 61870) is $73,000. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Ridge Farm (zip 61870) is up 14.5%.

Average Age of Homes

- The median age of Ridge Farm (zip 61870) real estate is 71 years old

The Rental Market in Ridge Farm (zip 61870)

- Renters make up 16.5% of the Ridge Farm (zip 61870) population
- 1.0% of houses and apartments in Ridge Farm (zip 61870), 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	Ridge Farm, Illinois	United States
	526.0	139,647,020.0
	78	42
	$73,000	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$18.97	$10.98
	$1,886	$2,690
	63.5%	57.4%
	7.4%	11.2%
	29.1%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	3.8%	0.7%
	2.7%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	8.4%	2.4%
	15.9%	2.8%
	26.3%	3.9%
	10.5%	4.5%
	21.0%	11.3%
	3.3%	13.0%
	2.7%	20.1%
	0.0%	13.6%
	7.8%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.8%	13.6%
	3.8%	13.6%
	10.1%	13.6%
	10.8%	13.2%
	8.4%	14.8%
	10.1%	13.6%
	5.7%	10.0%
	2.9%	4.7%
	49.0%	12.2%

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